Old Second's O2 Sponsor Finance Provides Credit Facilities for Boston Green Recapitalization
O2 Sponsor Finance, a division of Old Second National Bank, provided undisclosed senior secured credit facilities to Fort Point Capital to support its recapitalization of Boston Green. Boston Green offers hazardous waste transport, industrial cleaning and emergency response services across New England and the Mid-Atlantic.
1. Senior Secured Credit Facilities for Recapitalization
O2 Sponsor Finance provided senior secured credit facilities to Fort Point Capital to fund its recapitalization of Boston Green, with financial terms not disclosed. The financing supports Fort Point’s acquisition and growth strategy for the environmental services provider.
2. Boston Green’s Service Offerings and Market Position
Based in Freetown, Massachusetts, Boston Green delivers hazardous and non-hazardous waste transportation, industrial cleaning and maintenance, and emergency response services to commercial, retail, industrial and government clients. Its extensive permitting and diversified customer base have enabled ongoing expansion as a regional leader in New England and the Mid-Atlantic.
3. Implications for Old Second Bancorp
This transaction highlights O2 Sponsor Finance’s role in deploying senior secured loans to lower middle market companies backed by private equity. As of March 31, 2026, Old Second holds $6.8 billion in assets and $5.2 billion in loans, positioning it to support similar sponsor-led recapitalizations and acquisitions.