'Storent Europe' Offers Bonds to Baltic Investors with 10% Annual Interest

Equipment rental company "Storent Europe" is seeking to raise up to 10 million euros through a new bond program, offering investors in the Baltic states a 10% annual interest rate. The bonds have a nominal value of 100 euros and a maturity of 3.5 years. This initiative aims to finance the company's continued expansion and refinance its existing bonds maturing in September 2026.

Andris Pavlovs, founder and chairman of the board at "Storent Europe," highlighted the company's growth strategy, which involves strengthening its core business in the Baltics, investing in its rental fleet and digital solutions, and rapidly expanding its operations in the United States. He emphasized the importance of capital markets in the company's financing strategy and expressed appreciation for the trust of over 4,500 investors.

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We are continuing the planned direction of Storent's growth – we are strengthening the core business in the Baltic countries, investing in the rental fleet and technologies, and rapidly expanding our operations in the USA. Capital markets have been an important part of our financing strategy for many years, so we highly value the trust of more than 4,500 investors, which we have earned by consistently fulfilling our obligations. The new bond program allows us to continue this cooperation and at the same time secure financing for the next stage of Storent's development.

"Storent" reported a 11.2% increase in total revenue to 31.1 million euros in the first half of 2026, with rental income growing by 11.1% to 25.5 million euros. The company's EBITDA reached 10 million euros, maintaining the previous year's level. The US market has become strategically significant for "Storent" since acquiring a 70% stake in Texas-based "Connect Rentals" in September 2025, now accounting for 21% of the group's total revenue.

Kristiana Janvare, Head of Investment Banking at "Signet Bank," which is organizing the issuance, noted "Storent's" extensive experience in the Baltic capital markets and its established investor community. The new bond program will support the company's development strategy, underpinned by a diversified financing structure and active participation in the Baltic capital markets. The bonds are planned for listing on the regulated market of Nasdaq Riga.

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Storent is one of the most experienced bond issuers in the Baltic capital markets, with extensive experience in bond placement and a broad community of investors. In recent years, the company has grown rapidly, maintaining strong positions in the Baltic countries and successfully launching operations in the USA. The new bond program will allow the company to continue implementing its development strategy, supported by a diversified financing structure and active participation in the Baltic capital markets.