Dentalum Operations AB (publ) (”Dentalum” or the ”Company”) has mandated Pareto Securities AB and Swedbank AB (publ) to arrange fixed income investor meetings, starting September 28, 2021, in order to evaluate a debt capital raise.
An issue of subsequent senior secured bonds of approximately SEK 100 million within the framework of the Company’s existing bonds (ISIN SE0013914462) may follow, subject to inter alia, market conditions (the ”Bond Issue”).
The proceeds from the Bond Issue will, together with SEK 35 million from an equity injection, be used to finance the acquisitions of three companies operating five dental clinics, as well as for general corporate purposes. Combined with the new acquisitions, Dentalum will have net sales of SEK 300.9 million and an adjusted EBITDA of SEK 77.9 million for the twelve months ended on the last day of June, 2021. For the measuring of the incurrence test, the Company’s net and gross leverage for August 2021, prior to the potential Bond Issue and receiving any equity injection, amounted to SEK 232.4 million and SEK 357.1 million, respectively.
Gernandt & Danielsson Advokatbyrå KB has been appointed as legal counsel in connection with the Bond Issue.
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Dentalum Operations AB (publ) is a fast-growing dental service organisation focusing on acquiring profitable and sustainable dental clinics in the Nordics. Dentalum’s philosophy is built on local identity, where the clinic owners continue as entrepreneurs operating the clinics with a high degree of independence post-acquisition. Dentalum’s goal is to build a world class organisation by creating a strong corporate culture, positive work environment and growth opportunities which motivate and engage our coworkers to provide the highest quality of care and a remarkable service to our patients. For more information, please visit www.dentalum.com
This is information that Dentalum Operations AB (publ) is obliged to make public pursuant to EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 13.00 p.m. on September 28, 2021.