Storent Holding issues bonds in the amount of EUR 23 million

Storent Holding, one of the largest equipment rental companies in the Baltics, during the public offering of bonds has attracted EUR 23 million with a fixed interest rate of 10%. This marks the company’s largest bond issuance so far attracting a record number of investors, particularly from Latvia. More than 1,600 private and institutional investors from 17 countries participated in the offering.

The proceeds from the bond issuance will be used to refinance existing obligations, support expansion plans — including potential acquisitions in current and U.S. markets — and investment in the growth of Storent’s equipment fleet.

This marks Storent’s third public bond issuance. Previously, the company raised 10 million euros in 2024 and 15 million euros in 2023.

COBALT Banking and Finance team including Partner Edgars Lodziņš, Senior Associate Krišjānis Bušs, and Associates Maira Pužule and Vadims Zvicevičs provided legal assistance in connection with the issuance of bonds. 

Nasdaq Riga announcement.