Cobalt has advised Storent Holding on its EUR 16.5 million public bond issuance, the second series under the company’s EUR 50 million bond program.
Signet Bank was the lead manager, with Redgate Capital and Artea Banka as distribution partners.
According to Cobalt, the proceeds will be used to refinance existing bonds and support Storent’s ongoing investment plans and growth strategy. The offering combined an exchange option for existing bondholders with a subscription opportunity for new investors, attracting participation from more than 1,200 investors. Storent’s overall bond investor base has now surpassed 5,000, making it one of the most widely held issuers in the Baltics. The new bonds will be listed on the Baltic Bond List of Nasdaq Riga.
In 2024, Cobalt advised Storent Holding on a EUR 8.7 million bond issuance (as reported by CEE Legal Matters on March 29, 2024) and, in 2023, the firm advised Storent Holding on its first issuance of EUR 10.5 million (as reported by CEE Legal Matters on June 29, 2023). In 2018, Cobalt advised Storent Investments on a EUR 10 million bonds issue (as reported by CEE Legal Matters on July 4, 2018).
The Cobalt team included Partner Edgars Lodzins, Senior Associate Krisjanis Buss, Associate Vadims Zvicevics, and Junior Associate Kate Birzgale.
