On March 12, 2024 Latvia's leading construction equipment rental company and one of the largest suppliers in the Baltic states Storent Holding organized a webinar about its public bond offering.

During the webinar Andris Pavlovs, co-founder of Storent and Chairman of the Board of Storent Holding, and Baiba Onkele, CFO of Storent Holding provided an overview of the company and its growth story, while Jānis Dubrovskis, Country Manager of Redgate Capital, the Sales agent of the bond offering, illustrated the public bond offering which takes place until March 18, 2024 (incl.). 

The recording of the webinar is available online: https://www.youtube.com/watch?v=rtUyIuXwaHE&list=PLeOLX3TaNx_9beN29GiSABM4b-SRJEhJ2 and the presentation, demonstrated during the webinar, is available in the attachment.

Main terms of the offering

Storent Holding is offering 70 000 notes with a nominal amount of EUR 100 per note. The maturity date is 21 September 2026. The interest rate is 10% per annum.

The subscription is open to both institutional and private investors. The subscription period starts on 4 March and will last until 18 March, 2024, 15:30 EEST, with the results being announced on 19 March.

The new issue of notes will be admitted to trading on the Baltic Bond List of Nasdaq Riga.

Additional information about the public bond offering is available on Nasdaq Riga website: https://view.news.eu.nasdaq.com/view?id=b21dfdb1d08e3dc468e48112acc4d0715&lang=en&src=listed.

About Storent

Storent was established in 2008 with the goal of developing an efficient construction equipment rental company. It is the largest construction equipment company in Latvia and has one of the largest market shares in Estonia and Lithuania, with an additional market presence in Finland and Sweden. Storent currently operates a total of 26 rental depots.

Baiba Onkele
Storent Holding CFO
Mobile: + 371 29340012
E-mail: baiba.onkele@storent.com
www.storentholding.com

Legal disclaimer: This announcement is not an offer to subscribe for bonds. Any investment decision should be made based on Base Prospectus and Final Terms available on www.storentholding.com/.