Storent Holding raises EUR 16.5 million in public bond offering with strong Baltic investor support

"COBALT advised Storent Holding AS on a EUR 16.5m public bond offering, the second series under a EUR 50m programme. The bonds will refinance existing debt and support Storent’s investment programme. The offering included an exchange offer and new investors, attracted over 1,200 participants, and expanded Storent’s investor base to more than 5,000; bonds to be listed on Nasdaq Riga."

COBALT advised Storent Holding AS in connection with its public bond offering. Storent Holding AS, one of the leading equipment rental companies in the Baltics, has successfully raised EUR 16.5 million in its public bond offering, fully meeting the primary objective of securing funding both to refinance existing bonds and to advance the company’s investment programme and growth plans. This is the second bond series issued under Storent’s EUR 50 million bond programme. The public offering combined an exchange offer for existing investors with an investment opportunity for new investors. More than 1,200 investors participated in the offering, and Storent’s overall bond investor base has now exceeded 5,000, making it one of the most broadly held issuers among investors in the Baltics. The bonds will be listed on the regulated market of Nasdaq Riga under the Baltic Bond List. AS Signet Bank acted as lead manager of the issue, with AS Redgate Capital and AB Artea Banka serving as distribution partners. COBALT represented Storent Holding AS with a team composed by: Partner Edgars Lodziņš, Senior Associate Krišjānis Bušs, Associate Vadims Zvicevičs and Junior Associate Kate Birzgale of the Banking and Finance practice.

Storent Holding raises EUR 16.5 million in public bond offering with strong Baltic investor support

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