Presentation
Investors webinar
INVEST IN BONDS. ONLY UNTIL APRIL 17 12:00
INVEST IN BONDS. ONLY UNTIL APRIL 17 12:00
About Public Bond Offering
From April 2 through April 17, 2025, equipment rental company Storent Holding AS, organizes the public bond offering. Both retail and professional investors across the Baltics are invited to participate in the offering on the Nasdaq Riga stock exchange. Bonds are offered with an annual coupon rate of 10%, paid quarterly, and the maturity term is 3.5 years. The total bond issuance amount in the first tranche is up to €35 million, with a nominal value of €100 per bond. The Bank of Latvia has approved the Base Prospectus for Storent Holding AS Bond Program with a total amount up to €50 million. The proceeds from the issue of the Bonds will be used for general corporate purposes and possible future acquisitions, and redemption of the existing bonds.
Bond Offering Overview
Issuer | Storent Holding AS |
ISIN | LV0000103570 |
Issue type | Senior unsecured (guaranteed) bonds |
Guarantee | Guarantee by Storent SIA and Storent UAB |
First tranche | Up to €35.0m |
Total program size | Up to €50.0m |
Coupon rate | 10% |
Coupon payment | Quarterly |
Nominal value | €100 |
Maturity date | 25.10.2028 |
Tenor | 3.5 years |
Exchange offer for existing bondholders | ─Bonds with maturity on 21 Dec 2025: 1.0%. ─Bonds with maturity on 21 Sep 2026: 0.5%.
|
Listing | Nasdaq Baltic Bond List |
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.
Start of the subscription
period
March 31, 2025
Timeline
End of subscription period
April 17, 2025
Results announcement
April 22, 2025
Issue of the
bonds
April 25, 2025
Bond maturity date
October 25, 2028
Start of the subscription
period
April 2, 2025
Timeline
End of subscription
period
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April 17, 2025
Bond maturity
date
October 25, 2028
Issue of the
bonds
April 25, 2025
Results
announcement
April 22, 2025
Key Pillars of Storent
Equipment
Operating a fleet worth over €140 million across 25 product groups, partnering with trusted brands for long-term success. Serving a diversified portfolio across 8 market segments.
People
Driven by a visionary owner and a team of experts, supported by strategic motivationprograms and united team who shares company values.
Technologies
Leading the industry in digitalization and online sales, leveraging deep data analysis
to manage operations and
automate work.
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
How to Subscribe
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Didn’t Find Your Bank?
If you are not a client of any of these banks, please contact Storent Holding for further steps.
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 2025/2028 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 two existing bonds, maturing on December 21, 2025, and September 21, 2026. As part of the offer, bondholders with 2025 maturities are eligible for an additional exchange premium of 1%, while those holding bonds maturing in 2026 will receive a 0.5% premium.
We have a data-based and ambitious business expansion strategy formed by our professional team, that we will carry out. The proceeds from the issue of the Bonds will be used for general corporate purposes and possible future acquisitions, and redemption of the existing bonds.
We diligently capitalize on every opportunity to foster the growth of our business. In the past two years, during public offerings of its bonds Storent Holding attracted EUR 25 million. This year Storent's strategic goal is to further strengthen its positions in the Baltic market and continue expansion in Sweden, Finland, and other regions.
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
Lead Arranger: Signet Bank AS
Distribution Partners: LHV Pank AS, Redgate Capital AS, Šiaulių bankas AB
Contact information
Baiba Onkele
CFO, Investor Relations
EMISIJOS DUOMENYS