Omda raises $73M in senior secured bonds to refinance debt and fund M&A
What's the deal? Omda ASDealroom has a profile for this one. Try Dealroom →, a Nordic healthcare software provider, has completed a SEK 700 million ($73 million) senior secured bond issue. The bonds carry a four-year tenor and a floating rate of 3-month STIBOR plus 337.5 basis points. Omda plans to list them on the Nordic ABM and the Frankfurt Open Market.
What's the money for? Net proceeds will refinance the company's outstanding NOK 500 million OMDA02 bond, cover the call premium, and settle earn-out payments tied to its acquisition of SaabDealroom has a profile for this one. Try Dealroom →'s Public Safety Solutions business. Remaining funds go to general corporate purposes, including further acquisitions.
Who's behind it? The issue drew Nordic and international institutional investors and was significantly oversubscribed. Pareto SecuritiesDealroom has a profile for this one. Try Dealroom → and SB1 MarketsDealroom has a profile for this one. Try Dealroom → acted as joint bookrunners.
What's the endgame? Omda builds specialised software for healthcare and emergency services customers, with more than 750 contracts across 26 countries. It employs roughly 250 people and is expanding beyond the Nordics into Europe, North America, and the Pacific region.
The signal: The oversubscribed raise — sizeable for its category — shows debt markets remain open to profitable, contract-heavy healthcare software firms looking to consolidate through M&A rather than dilute equity.
Read more: mfn.se
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