Liquid Tech to launch $65 million add-on term loan on Thursday

By Sara Rosenberg

New York, Nov. 29 – Liquid Tech Solutions LLC will hold a lender call at 10 a.m. ET on Thursday to launch a fungible $65 million add-on covenant-lite first-lien term loan due March 2028, according to a market source.

Citizens Bank is the lead on the deal.

Pricing on the add-on term loan is Libor plus 475 basis points with a 0.75% Libor floor, in line with existing term loan pricing.

Original issue discount talk on the add-on term loan is not yet available, the source added.

Proceeds will be used to fund an acquisition.

Liquid Tech is a tech-enabled provider of route-based, on-site mobile refueling solutions.

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