From a regional leader to a U.S. market player – Storent bonds available until 2 December

AS Storent Holding, one of the leading equipment rental companies in the Baltic region, continues its international expansion and strategic development with a new public bond offering available until 2 December 2025. The company is offering up to EUR 18.5 million in bonds with a fixed annual interest rate of 10% and a 3.5-year maturity. Both retail and professional investors across all Baltic states are invited to participate, with a minimum subscription amount of EUR 100. The issue aims to refinance existing bonds and secure additional funding for continued growth in the European and U.S. markets, based on a clear development strategy and the advantages of the latest technologies.

Digital processes and artificial intelligence have become essential drivers of transformation across all industries. Storent has turned its digitalisation capabilities into a strong competitive advantage, reinforcing its leadership position in the Baltics and accelerating its expansion in the United States. Digital rental processes and IT tools developed in the Baltics are now being introduced in North America, where the equipment rental market is valued at approximately EUR 75 billion and the level of digitalisation in the sector remains low.

Storent’s U.S. growth is guided by two clear strategic pillars. The first – the Storent Equity Network (SEN) – focuses on acquiring stakes in local rental companies, retaining their management teams while enhancing operations through modernisation, digitalisation, and access to a unified infrastructure. The second – the Storent Partner Network (SPN) – aims to build a digital partner ecosystem for independent rental companies, with the goal of integrating more than 500 companies into a unified network by 2030.

Andris Pavlovs, co-founder and Chairman of the Management Board of AS Storent Holding, says: “For fifteen years, Storent has consistently invested in digitalisation, technology, and process modernisation, developing one of the most advanced rental platforms in the region. When entering the U.S. market, we found that many small and medium-sized rental companies still operate with very simple manual processes using systems built decades ago. This creates a unique opportunity for us to rapidly improve their operational efficiency by introducing digital solutions that have already proven effective in other markets.”

Continuing on the company’s development, A.Pavlovs notes: “The trust from our investors is a strong support, allowing the company to deliver on its goals so far and accelerate its progress.”

Kristiāna Janvare, Head of Investment Banking at Signet Bank, notes: “Bond financing is a key component in the funding structure of equipment rental companies, actively used not only by Storent but also by industry players across Europe. Storent is an experienced bond issuer, present in the Baltic bond market since 2017, and during this time has not only demonstrated strong growth dynamics but also built a broad investor base of more than 4,000 investors, forming a solid investor community. We are pleased that Latvia has such forward-thinking companies capable of competing on a global scale while giving local investors the opportunity to take part in their growth story.”

Following the acquisition of a 70% stake in the Texas-based U.S. rental company Connect Rentals, Storent Holding has significantly increased its scale and strengthened its operating performance. In the last twelve-month (LTM) period ending 30 September 2025, the company’s revenues reached EUR 63 million (+33%), EBITDA increased to EUR 22.6 million (+70%), and profit before tax (EBT) rose to EUR 5.4 million – the highest result in Storent’s history.

The subscription and exchange period will close on 2 December 2025 at 15:30 (EET). Investors holding bonds maturing in December 2025 and September 2026 are offered an exchange premium of 1% of the nominal value of the bonds exchanged. As the deadline for submitting bond purchase orders on the final day may vary between banks or brokerage firms, investors are encouraged to contact their financial service provider to confirm the exact deadline for submitting their subscription orders.

More information about the Storent Holding bond offering is available at: https://www.storentholding.com/