Hastings Equity Partners' acquisition financing of Terra comes from O2 Sponsor

Chicago, April 13 – Hastings Equity Partners' acquisition of Terra Staffing Group was supported with a $23 million senior secured credit facility from O2 Sponsor Finance, a division of Old Second National Bank, according to a press release.

NorthCoast Mezzanine provided subordinated debt financing and an equity co-investment.

Hastings, based in Houston, is a lower middle-market private equity firm. Terra is a provider of staffing services based in Everett, Washington.

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