O2 Sponsor Finance provides senior secured credit facilities to support Prospect Partners' recapitalization of Blackwood Solutions

Sep. 19, 2022 9:17 AM ETOld Second Bancorp, Inc. (OSBC)By: Deepa Sarvaiya, SA News Editor
  • O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC) has provided senior secured credit facilities to support Prospect Partners' recapitalization, with management, of Blackwood Solutions & its related entities.
  • Blackwood is a leading electric utility services provider offering specialty transportation, logistics management, recycling, and disposal services in over 20 states.
  • "We are excited that Prospect Partners selected O2 Sponsor Finance as senior lender to support their recapitalization of Blackwood. Blackwood has a unique service offering that creates deep relationships with its utility customers. We look forward to supporting Blackwood's ongoing growth." said Nick O'Brien, Vice President, O2 Sponsor Finance.

  • Press Release

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