RTPR advised Autonom Services on third consecutive sustainability link bond issue

RTPR assisted Autonom Services S.A. in relation to a new bond issue correlated with sustainability objectives, with an aggregate nominal value of EUR 30 million and a maturity of 5 years. Autonom Services is the most important independent player on the operational leasing and rent-a-car markets in Romania. The bonds issued will be admitted to trading on the regulated market of the Bucharest Stock Exchange. 

The private placement was intermediated by a consortium made of BRD – Groupe Société Générale, BT Capital Partners, Banca Comerciala Romana, UniCredit Bank and Raiffeisen Bank. 

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 George Capota (Associate) and Fabian Oltenacu (Junior Associate). . . 

“We are pleased to support Autonom once again on a significant project for the Romanian capital market. This new bond issue confirms the consistency with which Autonom uses capital market instruments to support its development strategy, within a framework aligned with its sustainability objectives. We would like to thank the Autonom team for their trust and for their excellent cooperation throughout this transaction”, said Mihai Ristici, Partner of RTPR.

“We are honoured to have had the opportunity to contribute to the success of this transaction and we thank the entire Autonom team for the constant trust placed in us over the years. Projects of this kind demonstrate that the Romanian capital market continues to evolve and to offer sophisticated financing solutions for local companies”, added Vlad Stamatescu, Counsel at RTPR.

RTPR continues its longstanding partnership with Autonom Services, providing strategic legal advice in complex transactions. Over the years, the RTPR team has assisted Autonom Services both in capital markets deals, such as the previous corporate bond issues on the Bucharest Stock Exchange, and in M&A, 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).

RTPR has built a leading position in the field of capital markets being involved in some of the most sophisticated and innovative transactions in Romania. The team’s expertise is constantly recognised by the prestigious international legal guides for both Debt and Equity transactions, the firm being recommended in the top tiers of the rankings every year.