Stord Secures $400 Million Credit Facility Led By Citi
· Source: pulse2.com
In short
Stord has closed a $400 million credit facility led by Citi, with Morgan Stanley, JPMorgan, First Citizens, Citizens, and KeyBank participating, in a deal oversubscribed at nearly twice the amount sought. Combined with its $250 million Series F earlier in 2026, the company now has roughly $650 million in new equity and credit capacity. Stord will use the capital to expand its fulfillment network and accelerate deployment of robotics, automation, software, and AI through its Stord Labs operation in Atlanta.
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Tags: logistics, fulfillment, robotics, automation, financing, supply chain