O2 Sponsor Finance, a division of Old Second National Bank, provided $24,581,000 in senior secured credit facilities to support Tilia Holding's recapitalization of Refrig-IT Inc. and its affiliate Trilogy Warehouse Partners (together "Refrig-IT").

Headquartered in Kearny, NJ, Refrig-IT provides outsourced cold chain warehousing and supply chain services for imported nuts, dried fruits, ancient grains and other high value foods. In addition to the multiple temperature warehousing services, the company provides value-added logistics including repackaging, custom labeling, inspection, e-commerce fulfillment and transportation services. The company operates 7 locations across the Northeast and Midwest to serve the food supply chain.

"We are excited that Tilia Holdings selected O2 Sponsor Finance as senior lender to support their recapitalization of Refrig-IT. Refrig-IT has a unique service offering that creates deep relationships with its grocery, food ingredients and food & beverage manufacturing customers. We believe the company is well positioned for growth", said Nick O'Brien, Vice President, O2 Sponsor Finance.