[sheet: Cover]

Field	Detail
Document Title	Closing Funds Flow Memorandum
Transaction	$120,000,000 Mezzanine Term Loan Financing
Borrower	Stonefield Logistics Group Inc.
Mezzanine Lender	Ridgeline Mezzanine Capital Fund III, LP
Closing Date	September 29, 2023
Prepared By	Calderwood & Harkness LLP
Matter Number	1012-00001
Billing Code	231892.SLG
Responsible Partner	Stephanie Okafor
Prepared By (Associates)	Daniel Obi / Lisa Morrow
Governing Agreement	Mezzanine Credit Agreement, dated September 14, 2023, among Stonefield Logistics Group Inc., Ridgeline Mezzanine Capital Fund III, LP, and the guarantors party thereto
Status	FINAL — For Execution
CONFIDENTIAL	Attorney-Client Privileged

[sheet: Funds Flow Summary]

Line Item #

SOURCES OF FUNDS

S-1	Mezzanine Term Loan Proceeds	Ridgeline Mezzanine Capital Fund III, LP	Stonefield Logistics Group Inc. (via escrow)	$120,000,000.00	Full draw of $120,000,000 commitment under Mezzanine Credit Agreement dated September 14, 2023; funded per Borrowing Request dated September 26, 2023
TOTAL SOURCES	$120,000,000.00

USES OF FUNDS — TRANSACTION COSTS

U-1	Commitment Fee (2.00% of $120,000,000)	Stonefield Logistics Group Inc.	Ridgeline Mezzanine Capital Fund III, LP	$2,400,000.00	Per Section 2.05 of Mezzanine Credit Agreement; 2.00% × $120,000,000; paid at closing; netted from funding proceeds
U-2	Financial Advisory Fee (0.75% of $120,000,000)	Stonefield Logistics Group Inc.	Zynvaro Thornton Advisory Group, LLC	$900,000.00	Per Financial Advisory Engagement Letter; 0.75% × $120,000,000
U-3	Borrower's Counsel Legal Fees	Stonefield Logistics Group Inc.	Calderwood & Harkness LLP	$675,000.00	Per Engagement Letter dated June 28, 2023; fee cap of $675,000 plus disbursements; disbursements invoiced separately
U-4	Mezzanine Lender's Counsel Expense Reimbursement	Stonefield Logistics Group Inc.	Archer Blackwell & Moss LLP	$450,000.00	Per Section 10.04 of Mezzanine Credit Agreement; expense reimbursement cap of $450,000 plus disbursements
U-5	Senior Agent Consent / Amendment Fee (0.05% of $275,000,000)	Stonefield Logistics Group Inc.	Whitmore National Bank, N.A.	$137,500.00	Per Amendment No. 3 to Senior Credit Agreement dated September 14, 2023; 0.05% × $275,000,000 Senior Facility
SUBTOTAL — TRANSACTION COSTS	$4,562,500.00	Sum of U-1 through U-5

USES OF FUNDS — NET PROCEEDS TO BORROWER

U-6	Net Mezzanine Proceeds to Borrower	Ridgeline Mezzanine Capital Fund III, LP (net of U-1) / Stonefield (net of U-2 through U-5)	Stonefield Logistics Group Inc.	$115,437,500.00	Net proceeds after deduction of all transaction costs; to be deposited in Stonefield operating account per wire instructions below; for use in fleet expansion, terminal facility buildout, and technology upgrades
TOTAL USES	$120,000,000.00	Must equal Total Sources
BALANCING CHECK	$0.00	Total Sources minus Total Uses = $0.00 (balanced)

[sheet: Wire Transfer Instructions]

Ref #	Recipient Entity	Recipient Contact	Amount	Receiving Bank Name	Receiving Bank Address	ABA / Routing Number	Account Number	Account Name	Reference / Memo	Special Instructions
W-1	Ridgeline Mezzanine Capital Fund III, LP	Katherine M. Stroud, Managing Director, Ridgeline Capital Management, LLC, 767 Lexington Avenue, 22nd Floor, New York, NY 10065	$2,400,000.00	Whitmore National Bank, N.A.	350 Park Avenue, New York, NY 10022	021-XXX-XXX	XXXX-XXXX-7742	Ridgeline Mezzanine Capital Fund III, LP — Closing Account	Stonefield Logistics Group Inc. — Mezzanine Commitment Fee — Closing 9/29/2023	Net from gross funding wire; Ridgeline to wire net proceeds of $117,600,000.00 per W-6 after retention of commitment fee
W-2	Zynvaro Thornton Advisory Group, LLC	Andrew S. Thornton, Lead Managing Director, 2200 Ross Avenue, Suite 3600, Dallas, TX 75201	$900,000.00	Lone Star Commerce Bank	1700 Pacific Avenue, Dallas, TX 75201	111-XXX-XXX	XXXX-XXXX-3019	Zynvaro Thornton Advisory Group, LLC — Operating Account	Stonefield Logistics Group Inc. — Financial Advisory Fee — Mezzanine Closing 9/29/2023	Wire from Stonefield operating account upon receipt of net proceeds
W-3	Calderwood & Harkness LLP	Philip Hartmann, Billing Partner, 601 Lexington Avenue, New York, NY 10022	$675,000.00	Manhattan Trust Company, N.A.	270 Park Avenue, New York, NY 10017	021-XXX-XXX	XXXX-XXXX-5581	Calderwood & Harkness LLP — Client Trust Account	Stonefield Logistics Group Inc. — Matter 1012-00001 / 231892.SLG — Legal Fees — Mezzanine Closing 9/29/2023	Fee cap amount; disbursements to be invoiced separately post-closing
W-4	Archer Blackwell & Moss LLP	Harrison T. Moss, Lead Partner, 1585 Broadway, 34th Floor, New York, NY 10036	$450,000.00	Empire Federal Bank, N.A.	One Wall Street, New York, NY 10005	021-XXX-XXX	XXXX-XXXX-8863	Archer Blackwell & Moss LLP — Client Trust Account	Stonefield Logistics Group Inc. — Lender's Counsel Expense Reimbursement — Mezzanine Closing 9/29/2023	Expense cap amount; additional disbursements to be invoiced separately
W-5	Whitmore National Bank, N.A.	Gregory S. Feinberg, Managing Director, 350 Park Avenue, New York, NY 10022	$137,500.00	Whitmore National Bank, N.A.	350 Park Avenue, New York, NY 10022	021-XXX-XXX	XXXX-XXXX-4210	Whitmore National Bank, N.A. — Agency Fee Account	Stonefield Logistics Group Inc. — Senior Agent Amendment Fee — Amendment No. 3 — 9/29/2023	Per Amendment No. 3 to Senior Credit Agreement; 0.05% × $275,000,000
W-6	Stonefield Logistics Group Inc.	Janet R. Prescott, CFO, 4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107	$115,437,500.00	Southwest National Bank, N.A.	500 Main Street, Fort Worth, TX 76102	111-XXX-XXX	XXXX-XXXX-6334	Stonefield Logistics Group Inc. — General Operating Account	Net Mezzanine Proceeds — Closing 9/29/2023	Net proceeds after deduction of all transaction costs from $120,000,000 gross funding; for use in fleet expansion, terminal facility buildout, and technology upgrades per Mezzanine Credit Agreement

[sheet: Funding Mechanics]

Step #	Timing	Action	From	To	Amount	Condition / Trigger
1	9:00 AM ET	Confirmation that all conditions precedent to funding have been satisfied or waived; Calderwood & Harkness to confirm via email to all parties	Calderwood & Harkness LLP (Stephanie Okafor / Daniel Obi)	All Parties	N/A	Delivery of Officer's Certificate, Solvency Certificate, Compliance Certificate, Secretary's Certificates, legal opinions, UCC-1 filing confirmations; per Borrowing Request dated September 26, 2023
2	9:30 AM ET	Ridgeline initiates wire of gross mezzanine funding amount, net of commitment fee (i.e., $120,000,000 minus $2,400,000 commitment fee retained by Ridgeline)	Ridgeline Mezzanine Capital Fund III, LP	Stonefield Logistics Group Inc. — General Operating Account (per W-6 instructions)	$117,600,000.00	Receipt of funding authorization from Archer Blackwell & Moss LLP confirming all closing conditions satisfied
3	10:00 AM ET — upon receipt of Ridgeline wire	Stonefield initiates wire of Financial Advisory Fee to Mercer Thornton	Stonefield Logistics Group Inc.	Zynvaro Thornton Advisory Group, LLC (per W-2 instructions)	$900,000.00	Confirmation of receipt of Ridgeline wire in Stonefield operating account
4	10:15 AM ET	Stonefield initiates wire of Borrower's Counsel legal fees to Calderwood & Harkness	Stonefield Logistics Group Inc.	Calderwood & Harkness LLP (per W-3 instructions)	$675,000.00	Concurrent with other transaction cost wires
5	10:15 AM ET	Stonefield initiates wire of Lender's Counsel expense reimbursement to Archer Blackwell & Moss	Stonefield Logistics Group Inc.	Archer Blackwell & Moss LLP (per W-4 instructions)	$450,000.00	Concurrent with other transaction cost wires
6	10:15 AM ET	Stonefield initiates wire of Senior Agent Amendment Fee to Whitmore National Bank	Stonefield Logistics Group Inc.	Whitmore National Bank, N.A. (per W-5 instructions)	$137,500.00	Per Amendment No. 3 to Senior Credit Agreement dated September 14, 2023
7	By 12:00 PM ET	All wires confirmed received; Calderwood & Harkness to circulate closing confirmation to all parties	All recipients	Calderwood & Harkness LLP (Daniel Obi / Lisa Morrow)	N/A	Each recipient to confirm receipt of funds via email or telephone
8	Post-closing	Net proceeds of $115,437,500 remain in Stonefield operating account for deployment toward fleet expansion, terminal facility buildout, and technology upgrade capital expenditure program	Stonefield Logistics Group Inc.	N/A	$115,437,500.00	Subject to CapEx limitations ($85,000,000/year with 25% carryforward) and other covenants under Mezzanine Credit Agreement

[sheet: Capital Structure Post-Closing]

Tranche	Lender / Agent	Committed Amount	Funded Amount at Closing	Interest Rate	Maturity Date	Priority / Lien Position
Senior Secured Term Loan B	Whitmore National Bank, N.A. (Admin Agent & Collateral Agent); Syndicate: Whitmore ($90M), Greystone Commercial Lending Corp. ($75M), Heritage Pacific Bank ($60M), Clearfield Capital Finance, LLC ($50M)	$275,000,000.00	$275,000,000.00	SOFR + 375 bps	November 15, 2026	First Lien — Senior Secured
Senior Secured Revolving Credit Facility	Whitmore National Bank, N.A. (Admin Agent & Collateral Agent); same syndicate	$50,000,000.00	$12,000,000.00	SOFR + 350 bps	November 15, 2025	First Lien — Senior Secured (pari passu with Term Loan B)
Mezzanine Term Loan	Ridgeline Mezzanine Capital Fund III, LP (sole lender; no syndication)	$120,000,000.00	$120,000,000.00	1100 bps (8.50% cash pay + 2.50% PIK)	September 29, 2029	Second Lien / Subordinated (per Intercreditor Agreement dated September 14, 2023)
TOTAL	$445,000,000.00	$407,000,000.00

[sheet: Parties & Contacts]

Party	Role	Contact Person	Title	Address	Phone	Email
Stonefield Logistics Group Inc.	Borrower	Janet R. Prescott	Chief Financial Officer	4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107	(817) 555-4100	jprescott@stonefieldlogistics.com
Stonefield Logistics Group Inc.	Borrower — General Counsel	Robert D. Nagamine	General Counsel & Secretary	4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107	(817) 555-4105	rnagamine@stonefieldlogistics.com
Ridgeline Mezzanine Capital Fund III, LP	Mezzanine Lender	Katherine M. Stroud	Managing Director	767 Lexington Avenue, 22nd Floor, New York, NY 10065	(212) 555-7800	kstroud@ridgelinecapital.com
Whitmore National Bank, N.A.	Senior Administrative Agent & Collateral Agent	Gregory S. Feinberg	Managing Director, Relationship Manager	350 Park Avenue, New York, NY 10022	(212) 555-3400	gfeinberg@whitmorebank.com
Zynvaro Thornton Advisory Group, LLC	Financial Advisor to Borrower	Andrew S. Thornton	Lead Managing Director	2200 Ross Avenue, Suite 3600, Dallas, TX 75201	(214) 555-6200	athornton@mercerthornton.com
Calderwood & Harkness LLP	Borrower's Counsel	Stephanie Okafor	Responsible Partner, Banking & Finance	601 Lexington Avenue, New York, NY 10022	(212) 555-9100	sokafor@calderwoodharkness.com
Calderwood & Harkness LLP	Borrower's Counsel — Closing Coordinator	Daniel Obi	Lead Associate, Banking & Finance	601 Lexington Avenue, New York, NY 10022	(212) 555-9115	dobi@calderwoodharkness.com
Calderwood & Harkness LLP	Borrower's Counsel — Closing Coordinator	Lisa Morrow	Working Associate, Banking & Finance	601 Lexington Avenue, New York, NY 10022	(212) 555-9122	lmorrow@calderwoodharkness.com
Archer Blackwell & Moss LLP	Mezzanine Lender's Counsel	Harrison T. Moss	Lead Partner	1585 Broadway, 34th Floor, New York, NY 10036	(212) 555-5500	hmoss@archerbm.com
Archer Blackwell & Moss LLP	Mezzanine Lender's Counsel	Angela N. Whitford	Lead Associate	1585 Broadway, 34th Floor, New York, NY 10036	(212) 555-5518	awhitford@archerbm.com
Renshaw Pratt LLP	Senior Agent's Counsel	David C. Renshaw	Lead Partner	One Liberty Plaza, 43rd Floor, New York, NY 10006	(212) 555-2200	drenshaw@renshawpratt.com
Cascade Ridge Capital Partners, LLC	Private Equity Sponsor	Vincent A. Palumbo	Managing Partner	200 Clarendon Boulevard, 38th Floor, Boston, MA 02116	(617) 555-8300	vpalumbo@cascaderidge.com

[sheet: Cover]
Field | Detail
Document Title | Closing Funds Flow Memorandum
Transaction | $120,000,000 Mezzanine Term Loan Financing
Borrower | Stonefield Logistics Group Inc.
Mezzanine Lender | Ridgeline Mezzanine Capital Fund III, LP
Closing Date | September 29, 2023
Prepared By | Calderwood & Harkness LLP
Matter Number | 1012-00001
Billing Code | 231892.SLG
Responsible Partner | Stephanie Okafor
Prepared By (Associates) | Daniel Obi / Lisa Morrow
Governing Agreement | Mezzanine Credit Agreement, dated September 14, 2023, among Stonefield Logistics Group Inc., Ridgeline Mezzanine Capital Fund III, LP, and the guarantors party thereto
Status | FINAL — For Execution
CONFIDENTIAL | Attorney-Client Privileged
[sheet: Funds Flow Summary]
Line Item # | Description | Payor | Payee / Recipient | Amount | Notes
SOURCES OF FUNDS
S-1 | Mezzanine Term Loan Proceeds | Ridgeline Mezzanine Capital Fund III, LP | Stonefield Logistics Group Inc. (via escrow) | $120,000,000.00 | Full draw of $120,000,000 commitment under Mezzanine Credit Agreement dated September 14, 2023; funded per Borrowing Request dated September 26, 2023
TOTAL SOURCES | $120,000,000.00
USES OF FUNDS — TRANSACTION COSTS
U-1 | Commitment Fee (2.00% of $120,000,000) | Stonefield Logistics Group Inc. | Ridgeline Mezzanine Capital Fund III, LP | $2,400,000.00 | Per Section 2.05 of Mezzanine Credit Agreement; 2.00% × $120,000,000; paid at closing; netted from funding proceeds
U-2 | Financial Advisory Fee (0.75% of $120,000,000) | Stonefield Logistics Group Inc. | Zynvaro Thornton Advisory Group, LLC | $900,000.00 | Per Financial Advisory Engagement Letter; 0.75% × $120,000,000
U-3 | Borrower's Counsel Legal Fees | Stonefield Logistics Group Inc. | Calderwood & Harkness LLP | $675,000.00 | Per Engagement Letter dated June 28, 2023; fee cap of $675,000 plus disbursements; disbursements invoiced separately
U-4 | Mezzanine Lender's Counsel Expense Reimbursement | Stonefield Logistics Group Inc. | Archer Blackwell & Moss LLP | $450,000.00 | Per Section 10.04 of Mezzanine Credit Agreement; expense reimbursement cap of $450,000 plus disbursements
U-5 | Senior Agent Consent / Amendment Fee (0.05% of $275,000,000) | Stonefield Logistics Group Inc. | Whitmore National Bank, N.A. | $137,500.00 | Per Amendment No. 3 to Senior Credit Agreement dated September 14, 2023; 0.05% × $275,000,000 Senior Facility
SUBTOTAL — TRANSACTION COSTS | $4,562,500.00 | Sum of U-1 through U-5
USES OF FUNDS — NET PROCEEDS TO BORROWER
U-6 | Net Mezzanine Proceeds to Borrower | Ridgeline Mezzanine Capital Fund III, LP (net of U-1) / Stonefield (net of U-2 through U-5) | Stonefield Logistics Group Inc. | $115,437,500.00 | Net proceeds after deduction of all transaction costs; to be deposited in Stonefield operating account per wire instructions below; for use in fleet expansion, terminal facility buildout, and technology upgrades
TOTAL USES | $120,000,000.00 | Must equal Total Sources
BALANCING CHECK | $0.00 | Total Sources minus Total Uses = $0.00 (balanced)
[sheet: Wire Transfer Instructions]
Ref # | Recipient Entity | Recipient Contact | Amount | Receiving Bank Name | Receiving Bank Address | ABA / Routing Number | Account Number | Account Name | Reference / Memo | Special Instructions
W-1 | Ridgeline Mezzanine Capital Fund III, LP | Katherine M. Stroud, Managing Director, Ridgeline Capital Management, LLC, 767 Lexington Avenue, 22nd Floor, New York, NY 10065 | $2,400,000.00 | Whitmore National Bank, N.A. | 350 Park Avenue, New York, NY 10022 | 021-XXX-XXX | XXXX-XXXX-7742 | Ridgeline Mezzanine Capital Fund III, LP — Closing Account | Stonefield Logistics Group Inc. — Mezzanine Commitment Fee — Closing 9/29/2023 | Net from gross funding wire; Ridgeline to wire net proceeds of $117,600,000.00 per W-6 after retention of commitment fee
W-2 | Zynvaro Thornton Advisory Group, LLC | Andrew S. Thornton, Lead Managing Director, 2200 Ross Avenue, Suite 3600, Dallas, TX 75201 | $900,000.00 | Lone Star Commerce Bank | 1700 Pacific Avenue, Dallas, TX 75201 | 111-XXX-XXX | XXXX-XXXX-3019 | Zynvaro Thornton Advisory Group, LLC — Operating Account | Stonefield Logistics Group Inc. — Financial Advisory Fee — Mezzanine Closing 9/29/2023 | Wire from Stonefield operating account upon receipt of net proceeds
W-3 | Calderwood & Harkness LLP | Philip Hartmann, Billing Partner, 601 Lexington Avenue, New York, NY 10022 | $675,000.00 | Manhattan Trust Company, N.A. | 270 Park Avenue, New York, NY 10017 | 021-XXX-XXX | XXXX-XXXX-5581 | Calderwood & Harkness LLP — Client Trust Account | Stonefield Logistics Group Inc. — Matter 1012-00001 / 231892.SLG — Legal Fees — Mezzanine Closing 9/29/2023 | Fee cap amount; disbursements to be invoiced separately post-closing
W-4 | Archer Blackwell & Moss LLP | Harrison T. Moss, Lead Partner, 1585 Broadway, 34th Floor, New York, NY 10036 | $450,000.00 | Empire Federal Bank, N.A. | One Wall Street, New York, NY 10005 | 021-XXX-XXX | XXXX-XXXX-8863 | Archer Blackwell & Moss LLP — Client Trust Account | Stonefield Logistics Group Inc. — Lender's Counsel Expense Reimbursement — Mezzanine Closing 9/29/2023 | Expense cap amount; additional disbursements to be invoiced separately
W-5 | Whitmore National Bank, N.A. | Gregory S. Feinberg, Managing Director, 350 Park Avenue, New York, NY 10022 | $137,500.00 | Whitmore National Bank, N.A. | 350 Park Avenue, New York, NY 10022 | 021-XXX-XXX | XXXX-XXXX-4210 | Whitmore National Bank, N.A. — Agency Fee Account | Stonefield Logistics Group Inc. — Senior Agent Amendment Fee — Amendment No. 3 — 9/29/2023 | Per Amendment No. 3 to Senior Credit Agreement; 0.05% × $275,000,000
W-6 | Stonefield Logistics Group Inc. | Janet R. Prescott, CFO, 4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107 | $115,437,500.00 | Southwest National Bank, N.A. | 500 Main Street, Fort Worth, TX 76102 | 111-XXX-XXX | XXXX-XXXX-6334 | Stonefield Logistics Group Inc. — General Operating Account | Net Mezzanine Proceeds — Closing 9/29/2023 | Net proceeds after deduction of all transaction costs from $120,000,000 gross funding; for use in fleet expansion, terminal facility buildout, and technology upgrades per Mezzanine Credit Agreement
[sheet: Funding Mechanics]
Step # | Timing | Action | From | To | Amount | Condition / Trigger
1 | 9:00 AM ET | Confirmation that all conditions precedent to funding have been satisfied or waived; Calderwood & Harkness to confirm via email to all parties | Calderwood & Harkness LLP (Stephanie Okafor / Daniel Obi) | All Parties | N/A | Delivery of Officer's Certificate, Solvency Certificate, Compliance Certificate, Secretary's Certificates, legal opinions, UCC-1 filing confirmations; per Borrowing Request dated September 26, 2023
2 | 9:30 AM ET | Ridgeline initiates wire of gross mezzanine funding amount, net of commitment fee (i.e., $120,000,000 minus $2,400,000 commitment fee retained by Ridgeline) | Ridgeline Mezzanine Capital Fund III, LP | Stonefield Logistics Group Inc. — General Operating Account (per W-6 instructions) | $117,600,000.00 | Receipt of funding authorization from Archer Blackwell & Moss LLP confirming all closing conditions satisfied
3 | 10:00 AM ET — upon receipt of Ridgeline wire | Stonefield initiates wire of Financial Advisory Fee to Mercer Thornton | Stonefield Logistics Group Inc. | Zynvaro Thornton Advisory Group, LLC (per W-2 instructions) | $900,000.00 | Confirmation of receipt of Ridgeline wire in Stonefield operating account
4 | 10:15 AM ET | Stonefield initiates wire of Borrower's Counsel legal fees to Calderwood & Harkness | Stonefield Logistics Group Inc. | Calderwood & Harkness LLP (per W-3 instructions) | $675,000.00 | Concurrent with other transaction cost wires
5 | 10:15 AM ET | Stonefield initiates wire of Lender's Counsel expense reimbursement to Archer Blackwell & Moss | Stonefield Logistics Group Inc. | Archer Blackwell & Moss LLP (per W-4 instructions) | $450,000.00 | Concurrent with other transaction cost wires
6 | 10:15 AM ET | Stonefield initiates wire of Senior Agent Amendment Fee to Whitmore National Bank | Stonefield Logistics Group Inc. | Whitmore National Bank, N.A. (per W-5 instructions) | $137,500.00 | Per Amendment No. 3 to Senior Credit Agreement dated September 14, 2023
7 | By 12:00 PM ET | All wires confirmed received; Calderwood & Harkness to circulate closing confirmation to all parties | All recipients | Calderwood & Harkness LLP (Daniel Obi / Lisa Morrow) | N/A | Each recipient to confirm receipt of funds via email or telephone
8 | Post-closing | Net proceeds of $115,437,500 remain in Stonefield operating account for deployment toward fleet expansion, terminal facility buildout, and technology upgrade capital expenditure program | Stonefield Logistics Group Inc. | N/A | $115,437,500.00 | Subject to CapEx limitations ($85,000,000/year with 25% carryforward) and other covenants under Mezzanine Credit Agreement
[sheet: Capital Structure Post-Closing]
Tranche | Lender / Agent | Committed Amount | Funded Amount at Closing | Interest Rate | Maturity Date | Priority / Lien Position
Senior Secured Term Loan B | Whitmore National Bank, N.A. (Admin Agent & Collateral Agent); Syndicate: Whitmore ($90M), Greystone Commercial Lending Corp. ($75M), Heritage Pacific Bank ($60M), Clearfield Capital Finance, LLC ($50M) | $275,000,000.00 | $275,000,000.00 | SOFR + 375 bps | November 15, 2026 | First Lien — Senior Secured
Senior Secured Revolving Credit Facility | Whitmore National Bank, N.A. (Admin Agent & Collateral Agent); same syndicate | $50,000,000.00 | $12,000,000.00 | SOFR + 350 bps | November 15, 2025 | First Lien — Senior Secured (pari passu with Term Loan B)
Mezzanine Term Loan | Ridgeline Mezzanine Capital Fund III, LP (sole lender; no syndication) | $120,000,000.00 | $120,000,000.00 | 1100 bps (8.50% cash pay + 2.50% PIK) | September 29, 2029 | Second Lien / Subordinated (per Intercreditor Agreement dated September 14, 2023)
TOTAL | $445,000,000.00 | $407,000,000.00
[sheet: Parties & Contacts]
Party | Role | Contact Person | Title | Address | Phone | Email
Stonefield Logistics Group Inc. | Borrower | Janet R. Prescott | Chief Financial Officer | 4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107 | (817) 555-4100 | jprescott@stonefieldlogistics.com
Stonefield Logistics Group Inc. | Borrower — General Counsel | Robert D. Nagamine | General Counsel & Secretary | 4800 Commerce Parkway, Suite 1200, Fort Worth, TX 76107 | (817) 555-4105 | rnagamine@stonefieldlogistics.com
Ridgeline Mezzanine Capital Fund III, LP | Mezzanine Lender | Katherine M. Stroud | Managing Director | 767 Lexington Avenue, 22nd Floor, New York, NY 10065 | (212) 555-7800 | kstroud@ridgelinecapital.com
Whitmore National Bank, N.A. | Senior Administrative Agent & Collateral Agent | Gregory S. Feinberg | Managing Director, Relationship Manager | 350 Park Avenue, New York, NY 10022 | (212) 555-3400 | gfeinberg@whitmorebank.com
Zynvaro Thornton Advisory Group, LLC | Financial Advisor to Borrower | Andrew S. Thornton | Lead Managing Director | 2200 Ross Avenue, Suite 3600, Dallas, TX 75201 | (214) 555-6200 | athornton@mercerthornton.com
Calderwood & Harkness LLP | Borrower's Counsel | Stephanie Okafor | Responsible Partner, Banking & Finance | 601 Lexington Avenue, New York, NY 10022 | (212) 555-9100 | sokafor@calderwoodharkness.com
Calderwood & Harkness LLP | Borrower's Counsel — Closing Coordinator | Daniel Obi | Lead Associate, Banking & Finance | 601 Lexington Avenue, New York, NY 10022 | (212) 555-9115 | dobi@calderwoodharkness.com
Calderwood & Harkness LLP | Borrower's Counsel — Closing Coordinator | Lisa Morrow | Working Associate, Banking & Finance | 601 Lexington Avenue, New York, NY 10022 | (212) 555-9122 | lmorrow@calderwoodharkness.com
Archer Blackwell & Moss LLP | Mezzanine Lender's Counsel | Harrison T. Moss | Lead Partner | 1585 Broadway, 34th Floor, New York, NY 10036 | (212) 555-5500 | hmoss@archerbm.com
Archer Blackwell & Moss LLP | Mezzanine Lender's Counsel | Angela N. Whitford | Lead Associate | 1585 Broadway, 34th Floor, New York, NY 10036 | (212) 555-5518 | awhitford@archerbm.com
Renshaw Pratt LLP | Senior Agent's Counsel | David C. Renshaw | Lead Partner | One Liberty Plaza, 43rd Floor, New York, NY 10006 | (212) 555-2200 | drenshaw@renshawpratt.com
Cascade Ridge Capital Partners, LLC | Private Equity Sponsor | Vincent A. Palumbo | Managing Partner | 200 Clarendon Boulevard, 38th Floor, Boston, MA 02116 | (617) 555-8300 | vpalumbo@cascaderidge.com

[sheet: Cover]

SOURCES OF FUNDS

Record

Parties

Dates

Amounts