Invest In Bonds!
AUGUST 25th - SEPTEMBER 10TH
About Public Bond Offering
Equipment rental company Storent Europe AS is launching a public bond offering running from August 25 through September 10, 2026. The offering is open to both retail and professional investors across the Baltic region and will be conducted on the Nasdaq Riga stock exchange. The bonds carry a maturity term of 3.5 years and an annual coupon rate of 10%, paid quarterly. Bonds will be issued at a nominal value of €100 each, with the total issuance amount set at up to €10 million. This offering is carried out under the Base Prospectus for the Storent Europe AS Bond Program, approved by the Bank of Latvia for a total amount of up to €35.0 million. Proceeds from the offering will be directed toward (1) refinancing the existing bonds and (2) general corporate purposes.
Why Invest in Bonds?
Growing Company
Scaling rapidly while maintaining stability and delivering consistent results.
Future Tech
Leader in rental process digitalization and online sales, with fully automated internal processes.
Market Leaders
Ranked No. 1 in Latvia and No. 3 in the Baltics, with presence in five countries.
Internationally Renowned
Around 2 500 investors from 13 countries have already subscribed to our bonds.
Bond Offering Overview
Issuer | Storent Europe AS |
ISIN | LV0000113132 |
Issue type | Senior unsecured (guaranteed) bonds |
Guarantee | Guarantee by Storent SIA and Storent UAB |
Issue size | Up to €10.0m |
Total program size | €35.0m |
Coupon rate | 10% |
Coupon payment | Quarterly |
Nominal value | €100 |
Maturity date | 17.03.2030 |
Tenor | 3.5 years |
Exchange offer for existing bondholders | Bonds with maturity on 21 Sep 2026: 1.0%.
|
Listing | Nasdaq Baltic Bond List |
Storent Key Numbers
€66.9m
Total Revenue*
€25.0m
EBITDA*
€0.1m
EBT*
#1
Leader in rental process digitalization and online sales
34
Rental centers
€160m+
Storent equipment fleet at initial purchase prices
100%
Latvian capital
304
Employees
Start of the subscription
period
August 25, 2026
Timeline
End of subscription
period
September 10, 2026
Bond maturity
date
March 17, 2030
Issue of the
bonds
September 17, 2026
Results
announcement
September 11, 2026
Key Pillars of Storent
People
Experienced management and industry specialists with deep equipment rental expertise, supported by a strong performance-driven culture.
Equipment
Operating a fleet worth over €160 million across 25 product groups, partnering with trusted brands for long-term success. Serving a diversified portfolio across 8 market segments.
Technology
Leading the industry in digitalization and online sales, leveraging deep data analysis
to manage operations and
automate work.
Start of the subscription
period
August 25, 2026
Timeline
End of subscription period
September 10, 2026
Results announcement
September 11, 2026
Issue of the
bonds
September 15, 2026
Bond maturity date
March 17, 2030
How to Subscribe
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Didn't find your bank?
That doesn’t mean you can’t subscribe to our bonds. Please contact your bank directly for detailed instructions on how to subscribe. Bond subscriptions are available to investors throughout the Baltics.
Have any questions? Get in touch with us!
Frequently Asked Questions
The Storent public bond issue is open to any professional or private investors with a securities account registered at a Baltic commercial bank or a brokerage company.
Annual interest rate of Storent bonds is 10% paid quarterly. It means that for every bond purchased the investor will receive interest payment of EUR 10 for each full year on top of return of principal investment.
The bond offering includes an exchange offer for existing bonds, maturing on September 21, 2026. As part of the offer, bondholders are eligible for an additional exchange premium of 1%.
he proceeds from the issue of the Bonds will be used (1) for refinancing of the existing bonds; (2) for general corporate purposes
Pro-Forma results are included in the financial statements to ensure greater transparency and comparability of data across reporting periods. They reflect the Group’s performance as if the U.S. company Connect Rental, acquired in September 2025, had been part of the Group from the beginning of the reporting period. This approach is in line with the Pro-Forma EBITDA methodology defined in Section 16.2 of the Base Prospectus and follows international financial reporting practice, where such information is presented as an alternative (non-IFRS) performance measure. Pro-Forma results provide a more transparent view of the Group’s underlying operational performance, as they exclude one-off transactions and revaluation-related accounting adjustments under IAS 16. As a result, users of the financial statements, such as investors and analysts, can more objectively assess the Group’s performance and compare it across different reporting periods.
For Latvian residents – tax is not withheld if securities are kept in an investment account. Otherwise, there will be personal income tax withheld in the amount of 25,5%. For individuals who are residents of other countries and from legal entities tax is not withheld.
Investors' rights protection comes in three forms:
a) financial covenants such as minimum equity ratio of 30% and maximum Net debt/EBITDA ratio of 4.5 ensure that Storent's financial risk is relatively low;
b) guarantee from two group's operating companies: Storent SIA and Storent UAB;
c) bonds will be listed on a regulated market segment (Nasdaq Baltic Bond List) which is supervised by the Bank of Latvia.
Yes, investors can join our exclusive loyalty program, which offers a 25% discount on rental transactions. To take advantage of this offer, simply reach out to us via email at investor.relations@storent.com
Partners
Lead Arranger
Distribution Partner
Contact Information
Presentation
Investors webinar
Key Numbers
€47.0m¹
Consolidated revenue (2024)
11%
Baltic market share
100%
Latvian capital
¹Non-audited financial data for 2024
€13.3m¹
Consolidated EBITDA (2024)
#1
Leader in rental process digitalization and online sales
€140+m
Total rental fleet Company operates (2024 December)
€0.8m¹
Consolidated EBT (2024)
30
Rental Depots
(2025 January)
250
Employees (2024 December)
Owners
Andris Pavlovs
Chairman of the
Board/Owner
Eri Esta
Deputy Chairman of the Supervisory Board and Owner
Supervisory Board
Mišels Zavadskis
Chairman of the
Supervisory Board
Eri Esta
Deputy Chairman of the Supervisory Board and Owner
Daiga Auzina-Melalksne
Independent Member of the Supervisory Board
Management Board
Andris Pavlovs
Chairman of the
Board/Owner
Baiba Onkele
Member of the
Board / CFO
Executive Board
Klavs Otisons
Head of Development
Baiba Onkele
Member of the Board / CFO
Country Management Team
Guntis Grinbergs
Country Manager
Simas Kazlauskas
Country Manager
Sven Kinsigo
Country Manager
Jonas Wennlund
Country Manager
Antti Jussila
Country Manager
Storent is Listed on the
Nasdaq Baltic Regulated Market Since 2018
Transparent Financial Reporting
Stable Market
Presence
High Standards of Corporate Governance
Already Trusted by Approximately 2,500 Investors
Base Prospectus and Supplement
Base Prospectus and Supplement.pdf
Final Terms
Final Terms Storent Holdings SIA Second Series.pdf
Summary (LV)
Issue Specific Summary LV.pdf
Why Invest in Storent Bonds?
Proven Growth
Storent has expanded from Europe into the U.S., building a larger and more diversified business.
Digital Leader
Pioneer in rental process digitalization and automation, driving efficiency and scalability in every market.
Tangible Asset Base
Storent is supported by a diversified equipment fleet with an initial purchase value of more than €160 million.
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Investor Confidence
Backed by ~4 500 investors from more than 20 countries, Storent stands for transparency, reliable returns, and proven leadership.
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