RTPR assisted Autonom Services S.A. in relation to a new bond issue, with an aggregate nominal value of EUR 30 million and a maturity of 5 years, with a fixed annual interest rate of 6.14%. Autonom Services is the most important independent player on the operational leasing and rent-a-car markets in Romania. The bonds issued have been admitted to trading on the regulated market of the Bucharest Stock Exchange and are correlated with the company’s sustainability objectives.
The private placement was intermediated by BRD – Groupe Societe Generale, as Sole Coordinator of the transaction, and BT Capital Partners, the investment banking and capital markets division of Banca Transilvania, as Manager.
The RTPR team that provided legal advice to Autonom Services in this transaction was coordinated by Mihai Ristici (Partner) and Vlad Stamatescu (Counsel), and further included Marina Fecheta-Giurgica (Senior Associate), Cosmin Tilea (Partner), Andreea Stoiciu (Associate), George Capota, Bianca Cojocaru and Alexandra Grieb (Junior Associates).
“This bond issuance represents an important step in consolidating our growth strategy and aligning with our sustainability objectives. We are grateful to the RTPR team for the professionalism and dedication they have demonstrated in every bond issuance we have undertaken together. Their expertise has always given us the confidence needed to successfully navigate complex projects like this one. The success of this issuance reflects not only the value of our long-standing partnership but also the importance of collaborating with a professional and well-prepared team”, declared Dan Ștefan, co-founder of Autonom Group.
“We are glad that we had the opportunity to work once again with the RTPR team that provided legal assistance in relation to Autonom Services S.A.’s sustainability link bonds issue. We would like to thank the team coordinated by partner Mihai Ristici, counsel Vlad Stamatescu and junior associate George Capota for the professionalism they have once again proven, contributing essentially to the success of this transaction. Together we are confident in the launch of as many corporate bond issues of important entrepreneurial companies in Romania as possible on the BSE”, said Irina Neacsu, Executive Director Corporate Finance, BRD Groupe Societe Generale.
“We have advised Autonom on their third bond issue, demonstrating once again our lawyers’ ability to manage complex capital markets projects. We would like to thank the Autonom team for putting their trust in our team for this new transaction. We are proud to have contributed to the sustainable development of the company and to the strengthening of its position as a leader in the mobility industry”, said Mihai Ristici, Partner of RTPR.
RTPR has a longstanding partnership with Autonom Services, assisting them in various transactions, both capital markets, such as the previous corporate bond issues on the Bucharest Stock Exchange, and M&A deals, such as the acquisition of BT Operational Leasing from the Banca Transilvania group (2018) or the acquisition of Premium Leasing, the operational leasing company of the Tiriac group (2022).
“We are happy to see how a Romanian entrepreneurial company has undertaken an ambitious sustainability strategy and has chosen financing through the capital market. Congratulations to the Autonom team for the success of this new bond issue and we are looking forward to new challenges together with them”, added Vlad Stamatescu, Counsel at RTPR.
RTPR enjoys a remarkable reputation in the field of capital markets deals, gained as a result of its involvement in the most sophisticated projects in Romania. RTPR is one of the few law firms in Romania recommended by the prestigious international legal directories in the first tiers of their rankings for both Debt and Equity transactions. Legal 500 ranks it in tier 1 for the fourteenth consecutive year, and IFLR1000 places it in the first position for the eleventh year in a row.
