Custom Truck to launch $50 million incremental term loan B on Tuesday

By Sara Rosenberg

New York, Oct. 15 – Custom Truck One Source (CTOS LLC) is scheduled to hold a lender call at 2 p.m. ET on Tuesday to launch a $50 million incremental term loan B, according to a market source.

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

Proceeds will be used for general corporate purposes, including investments in rental fleets and potential acquisitions, and to pay related fees and expenses.

Custom Truck One Source, formerly known as Utility One Source, is a Kansas City, Mo.-based provider of specialized truck and heavy equipment solutions.

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