Tank Holding to launch $30 million add-on term loan on Tuesday

By Sara Rosenberg

New York, Dec. 2 – Tank Holding Corp. is set to hold a lenders’ call at 11 a.m. ET on Tuesday to launch a $30 million add-on first-lien term loan, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to repay revolving credit facility borrowings.

Tank Holding is a Lincoln, Neb.-based manufacturer of rotationally molded poly and welded steel bulk storage and material handling products.

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