AS Storent Holding has published the Final Terms of its bond issue, approved by the Bank of Latvia. Storent’s new public bond offering of up to EUR 18.5 million will take place from 12 November to 2 December 2025. The offering marks an important step in the company’s development strategy and creates new opportunities for both retail and professional investors in the Baltics to participate in the growth of the region’s leading equipment rental company. Storent has proven its leadership in digitalisation and online sales and, in September 2025, successfully entered one of the fastest-growing equipment rental markets in the United States.

The second tranche under the company’s bond programme will be issued in accordance with the base prospectus approved by the Bank of Latvia on 2 April 2025, with a fixed annual interest rate of 10% and a 3.5-year maturity. A total of 185,000 Storent Holding bonds with a nominal value of EUR 100 will be offered for subscription to investors. The issue is intended to refinance existing bonds and secure additional funding for continued growth  in the European and U.S. markets. Bonds maturing in December 2025 and September 2026 are offered an exchange premium of 1% of their nominal value.

“From a European-level player, we have become an international company with operations in the U.S. and one of the most efficient business models in the industry – combining digitalisation, high profitability, and rapid scalability. Following the M&A transaction with the U.S. company Connect Rentals, Storent’s equity value increased from EUR 27.4 million to EUR 70.6 million, while the enterprise value rose from EUR 79.9 million to EUR 158.2 million. Over the next two years, we are purposefully moving toward the next milestone – to reach EUR 100 million in equity value and prepare for an IPO,” said Andris Pavlovs, co-founder and Chairman of the Management Board of AS Storent Holding.

“AS Storent Holding is an experienced listed issuer that consistently delivers on its commitments, and the previous bond issue in April attracted record-high investor interest. In recent years, Storent has made significant investments in IT development and fleet modernisation – demonstrating how the Baltic capital market supports ambitious corporate growth. Along with digitalisation and a clear strategic direction, these efforts have enabled the company to enter the U.S. market and significantly increase its value, marking a new stage of expansion,” said Kristiāna Janvare, Head of Investment Banking at Signet Bank.

The bonds will be listed on the Nasdaq Riga regulated market. The bond issue is organised by Signet Bank, with legal advice provided by law firm Cobalt. 

More information on the Storent Holding bond offering: https://www.storentholding.com/

About Storent Holding

Storent, founded in 2008 with the goal of becoming the most innovative rental company in the world, is driven by a team of experts who set new industry standards through technology, exemplary service, and sustainable solutions. The company, fully owned by Latvian shareholders, is a recognized leader in the digitalization of rental processes and online sales. It holds the largest market share in Latvia, with strong positions in Estonia and Lithuania. Storent is successfully developing operations in Finland, operates in Sweden, and now — also in the United States.

For the second consecutive year, Storent Holding has been recognized as the most valuable equipment rental company in Latvia, included in the Nasdaq Riga and Prudentia TOP101 ranking. In the 2024 assessment, the company climbed 21 positions — from 88th to 67th place — reflecting the growing strength of the company’s brand, digital innovation, and the confidence of its customers and investors.

The company operates 35 rental depots: 15 in Latvia, 9 in Lithuania, 4 in Estonia, 4 in Finland, 1 in Sweden, and 2 in the United States. The Storent Group employs more than 275 people.

For further information:

 Baiba Onkele
 Member of the Management Board and Chief Financial Officer
 AS Storent Holding
 baiba.onkele@storent.com
 www.storentholding.com

Disclaimer: This announcement is an unpaid marketing communication. Each investment decision should be based on the Base Prospectus approved by the Bank of Latvia, as well as the Final Terms (available at: https://www.storentholding.com/). The approval of the Base Prospectus by the Bank of Latvia should not be understood as an endorsement of the securities.