STG Logistics is in the plan-confirmation and implementation phase of a lender-led restructuring, with the docket now focused on remaining contested matters and professional-fee cleanup rather than first-day liquidity. The company and affiliated debtors filed chapter 11 after a freight downturn, cash burn, high leverage, springing maturity pressure, and disputes tied to a 2024 liability-management transaction left the platform with about $34 million of unrestricted cash against roughly $1.2 billion of funded debt, as described in the Holtgreven first-day declarationDkt. 33.
The case was filed around a prearranged restructuring framework for a national port-to-door logistics business with intermodal, drayage, container freight station, and contract logistics operations. The opening capital structure was dominated by first-lien term debt and related facilities across STG Distribution and Reception Purchaser silos, plus equipment financing obligations, and the debtors sought to stabilize the business through a $293.75 million DIP package that combined $150 million of new money with a $143.75 million roll-up. By April, the restructuring had moved into a hybrid plan process: the First Amended Disclosure StatementDkt. 618 described a toggle between a recapitalization transaction and a sale transaction, with proposed equitization of DIP and term-loan claims, takeback debt, an exit RCF, and limited recoveries or no recoveries for several junior classes depending on the path selected.
The current docket indicates the principal emergence process has largely shifted from transaction architecture to case administration. Recent filings include White & Case’s final fee application for its work as Special Committee counsel from January 12 through May 18, seeking about $2.46 million in fees and expenses through the , along with a related hearing notice setting the matter for July 7, 2026 at 10:00 a.m. through the . A separate contested matter was also adjourned to July 7, 2026 at 10:00 a.m. under the , making that date the next visible near-term docket milestone.
