{
  "id": 13159631,
  "title": "Stord lands $400M Citi-led credit facility, adds CFO and CRO",
  "url": "https://urgent.news/2026/10/09/stord-lands-400m-citi-led-credit-facility-adds-cfo-and-cro",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T16:16:03.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/stord-400m-credit-facility-citi"
  },
  "original_language": "en",
  "account": "Stord, a fulfillment company based in Atlanta, secured a $400 million credit facility led by Citi, making it oversubscribed by nearly double its initial target. The deal, which follows a $250 million Series F led by Strike Capital in May, brings Stord's total equity and credit capacity to $650 million for the year 2026. The company has grown tenfold over the past four years, with nearly 100 fulfillment locations and a revenue run-rate approaching $1 billion. Stord's packages reach 1 in 4 U.S. households annually, with a gross merchandise volume of over $15 billion processed yearly. The new CFO, Bill Zerella, has led finance at three public companies, including Fitbit, and took them all to the public markets. Mark Wayland, the new chief revenue officer, was previously the chief revenue officer at Box and held the same title at Tanium before that. Both executives come from NYSE-listed companies and bring a vote of confidence in Stord's foundation and future growth.",
  "summary": "Stord's packages reach 1 in 4 U.S. households a year, the company says. It now has $400 million more in borrowing capacity to build warehouses and robots. The post Stord lands $400M Citi-led credit facility, adds CFO and CRO appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}