Stord secures $400 million credit facility led by Citi and names new CFO, CRO

Stord closed a $400 million credit facility led by Citi on Thursday and appointed Bill Zerella as chief financial officer and Mark Wayland as chief revenue officer. The facility was oversubscribed, closing at nearly double its original target size.

The credit facility follows a $250 million Series F round led by Strike Capital in May that valued Stord at $3 billion. Combined, the equity and credit capacity now totals $650 million for 2026, according to the company. Stord operates nearly 100 fulfillment locations worldwide, serves over 1,000 brands, and processes more than $15 billion in gross merchandise volume each year.

“This facility, combined with our $250 million Series F, gives us the balance sheet to match the scale, potential, and impact of what we’re building,” Sean Henry, CEO and co-founder of Stord said.

The deal follows a $250 million Series F led by Strike Capital in May that valued Stord at $3 billion. Stord has expanded its footprint through acquisitions including ProPack Logistics and Pitney Bowes’ e‑commerce fulfillment unit in 2024, Ware2Go from UPS in May 2025, and Shipwire from Ceva Logistics in January.

What we know

• 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.

• 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.

• The company says it runs nearly 100 fulfillment locations worldwide for more than 1,000 brands and processes more than $15 billion in gross merchandise volume a year.