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Citizens Provides $350MM Senior Credit Facility for Liquid Tech Solutions

June 23, 2021, 08:02 AM
Filed Under: Fuel & Petroleum
Related: Citizens Bank

Citizens served as Lead Left Arranger for Stoughton, Mass.-based Liquid Tech Solutions’ new $350 million senior credit facility.

Liquid Tech provides route-based, on-site mobile refueling solutions across the United States. The company’s 24/7 “truck-to-truck” service delivers primarily diesel fuel to client job sites or their place of business and directly into truck fleets, boats, locomotives, equipment, generators and fuel storage tanks.

The new credit facility will be used to repay existing debt and support future growth.

“We were able to provide an attractive new capital structure that allowed the Liquid Tech Solutions team to meet their strategic objectives,” said Jerry Sargent, Northeast Regional Executive, Citizens. “Providing senior credit facilities is just one of the ways that Citizens delivers value for clients at every stage of their business life cycle.”

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