Autonom Services Consolidates Growth with EUR 30 Million Bond Issue
Deal News | Nov 25, 2024 | RTPR
RTPR has successfully advised Autonom Services on a new bond issue, further strengthening their long-term partnership. The bonds, amounting to EUR 30 million and carrying a fixed annual interest rate of 6.14%, have been listed on the Bucharest Stock Exchange. As a major player in Romania's operational leasing and car rental markets, Autonom is aligning this bond issuance with its sustainability goals. The capital raised promises to support their growth strategy. The transaction was led by BRD Groupe Societe Generale and BT Capital Partners. The RTPR team, comprising leaders like Mihai Ristici and Vlad Stamatescu, brought extensive legal expertise to the table. With Autonom's aim to push more sustainable finance instruments, this move is lauded as vital not only for the firm's success but also for broader market dynamics in Romania.
Sectors
- Financial Services
- Transportation and Mobility
Geography
- Romania – The article centers around Autonom Services, a key player in Romania's operational leasing and car rental market, with the bonds being issued on the Bucharest Stock Exchange.
Industry
- Financial Services – The article focuses on the issuance of bonds, a financial instrument, making it pertinent to the Financial Services industry, particularly under investment banking and capital markets.
- Transportation and Mobility – Autonom Services operates in the operational leasing and rent-a-car markets in Romania, tying the article to the Transportation and Mobility industry.
Financials
- EUR 30 million – The aggregate nominal value of the bond issue by Autonom Services.
- 6.14% – The fixed annual interest rate for the bonds issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Autonom Services S.A. | Target company | Company | A leading independent player in Romania's operational leasing and car rental markets. |
| RTPR | Legal advisor | Company | Advised Autonom Services on their legal needs for the bond issuance. |
| BRD Groupe Societe Generale | Sole Coordinator | Company | Functioned as the sole coordinator of the private placement for the bond issuance. |
| BT Capital Partners | Manager | Company | The investment banking and capital markets division of Banca Transilvania, which managed the bond issuance. |
| Dan Stefan | Co-founder of Autonom Group | Person | Provided strategic insights on the bond issue and expressed gratitude towards RTPR. |
| Mihai Ristici | Partner at RTPR | Person | Coordinated the legal advice team for the bond issuance. |
| Vlad Stamatescu | Counsel at RTPR | Person | Part of the legal team providing advice to Autonom Services. |