Citizens served as lead left arranger for a $350 million senior credit facility for Stoughton, MA-based Liquid Tech Solutions, which will use the new credit facility to repay existing debt and to support future growth.
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.
“We were able to provide an attractive new capital structure that allowed the Liquid Tech Solutions team to meet their strategic objectives,” Jerry Sargent, Northeast regional executive at Citizens, said. “Providing senior credit facilities is just one of the ways that Citizens delivers value for clients at every stage of their business life cycle.”
