Rinchem, backed by Stonepeak Partners, is negotiating with lenders to accept losses on existing debt as part of a complex financing move. The goal is raising capital to complete its acquisition of Dupré Logistics, a deal valued in the hundreds of millions.

The company’s request reflects broader distressed exchange trends in leveraged buyouts. As interest rates rise and credit conditions tighten, private equity sponsors are restructuring debt to avoid cash injections. This strategy allows sponsors to maintain equity positions while reducing overall leverage.

Market watchers see this as a sign of increasing pressure in the logistics sector. Dupré Logistics faced operational headwinds before the acquisition talks. Investors will monitor how much debt Rinchem can shed and whether the revised terms attract new financing commitments.