Omaha National Group, Inc. (“Omaha National”), a leading tech-enabled provider of workers’ compensation insurance, today announced a $20 million unsecured senior debt financing facilitated by Cohen & Co., a financial services company specializing in fixed income markets. The notes carry a fixed rate of 6.8% with a 10-year term.
“Omaha National is strengthening its balance sheet through this financing, which will allow us to better serve clients as a full-stack carrier and facilitate financial strength ratings,” said Bryan Connolly, Chief Financial Officer of Omaha National.
“Cohen and Company is proud to support Omaha National as the company looks to build out its capital structure to match its long-term development plans,” said John Butler, Managing Director at Cohen & Company. “We’re pleased to match our expertise in the insurance industry with Omaha National’s leadership and look forward to our relationship with the organization and their management team.”
This latest funding follows Omaha National’s $45 million Series B round in 2021, which was led by Accomplice and included investors High Sage Ventures and Tull Investments. Agman, a Chicago-based investment firm, remains the principal and founding investor.