Stord lands $400M Citi-led credit facility, adds CFO and CRO

Stord said Thursday it closed a $400 million credit facility led by Citi and hired new finance and revenue chiefs. The Atlanta-based fulfillment company said the facility closed oversubscribed at nearly double its original target. Morgan Stanley, JPMorgan, First Citizens, Citizens and KeyBank also participated. The deal follows a $250 million Series F led by Strike Capital in May that valued Stord at $3 billion. That brings Stord’s 2026 equity and credit capacity to $650 million, the company said.