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C Street Advisory Group is providing strategic communications services to STG Logistics as the Columbus-based trucking company files for Chapter 11.
The restructuring support agreement will reduce STG’s $1B debt by 91 percent and pump more than $150M into its balance sheet to support future growth.
CEO Geoff Anderman noted the Chapter 11 filing comes during one of the most severe recessions in freight transportation history.
The financial revamp “enables us to continue delivering solutions for our customers at the highest levels while staying true to our core values of safety, service, integrity, and efficiency at the forefront of our operations,” he added.
STG is North America’s largest provider of port-to-door services and supply chain solutions. It operates 60 locations from coast-to-coast that serve every major rail ramp and port in the country.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
