QUESTOR BUYS $67.5 MILLION OF NEW GEOLOGISTICS STOCK

QUESTOR BUYS $67.5 MILLION OF NEW GEOLOGISTICS STOCK    Questor Partners Fund II L.P., managed by Questor Management Co. LLC, has purchased $67.5 million of newly issued participating preferred stock in GeoLogistics Corp., the non-asset-based North American logistics provider.
   In addition to funding operational enhancements, proceeds from the Questor investment will be utilized to pay down bank debt and strengthen GeoLogistics' balance sheet.
   Questor will have five seats on the 10-member GeoLogistics board, which also includes representation from company management, William E. Simon & Sons, Oaktree Capital Management, and a separate group of equity holders.
   In conjunction with the investment, GeoLogistics and Questor have reached an agreement with GeoLogistics' principal lender to restructure GeoLogistics' existing credit facility.
   Under the amended agreement, credit will be re-allocated among the company's various operating facilities, and the maturity of the principal borrowing facilities will be extended.
   GeoLogistics is based in Santa Ana, Calif.