Liquid Tech launches $65 million add-on term loan at 99.5 OID

By Sara Rosenberg

New York, Dec. 2 – Liquid Tech Solutions LLC launched on Thursday its fungible $65 million add-on covenant-lite first-lien term loan due March 19, 2028 with original issue discount talk of 99.5, according to a market source.

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.

Citizens Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Dec. 9, the source added.

Proceeds will be used to fund an acquisition.

Lindsay Goldberg is the sponsor.

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

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