#None #Energy Services #Paratus #Archer Limited

Paratus Energy Services Ltd Completes Secondary Share Sale in Archer Limited

On September 24, 2025, Paratus Energy Services Ltd announced the successful completion of a secondary sale of shares in Archer Limited, a well-known entity in the oilfield services industry. The sale was carried out through Paratus JU Newco Bermuda Limited, fully owned by Paratus, which sold 21,583,826 existing common shares at a price of NOK 22.50 per share, resulting in gross proceeds of approximately USD 49 million.

This event comes in conjunction with Archer's private placement of new common shares, announcing a robust strategy for financial enhancement and growth. Following the completion of the sale, Paratus will no longer retain shares in Archer, marking a significant moment for the company.

Since 2022, Paratus has been a dedicated shareholder of Archer, participating actively in capital raises and assisting in strengthening Archer's balance sheet through a shareholder loan conversion. This commitment has paved the way for Archer’s development and expansion in the competitive oilfield service sector.

The transaction reflects Paratus’s ongoing efforts to streamline its portfolio and simplify its corporate structure. CEO Robert Jensen emphasized the importance of this deal, identifying it as a valuable opportunity to monetize a non-core investment while also providing enhanced strategic and financial flexibility for the firm. He articulated the vision for Paratus moving ahead, stating, “Streamlining our portfolio and simplifying our corporate structure remain key priorities for Paratus.”

As part of this strategic unfolding, the company’s two largest shareholders, Hemen Holding Limited and Lodbrok Capital LLP, have transitioned their holdings in Archer from indirect to direct ownership. This shift signifies continuity and stability in Archer’s shareholder structure.

In compliance with agreements regarding the Company's outstanding notes due in 2026 and bonds due in 2029, net proceeds from the secondary sale that exceeded USD 30 million will be allocated towards the mandatory partial redemption of Paratus' outstanding debts. Such an initiative strengthens the financial standing of Paratus, aligning with its long-term value creation strategy.

For investors and analysts keen on further details, a comprehensive announcement by Archer regarding this transaction has also been published, accessible under ticker “ARCH” on https://newsweb.oslobors.no.

Advisory roles in this deal have been fulfilled by Arctic Securities AS, DNB Carnegie (part of DNB Bank ASA), Pareto Securities AS, and SB1 Markets AS as joint bookrunners. Additionally, Advokatfirmaet Schjødt AS provided legal advisory services to Paratus.

About Paratus Energy Services Ltd

Paratus Energy Services Ltd (ticker: PLSV) operates as an investment holding company encompassing a variety of leading energy services firms. Among its holdings, the Paratus Group includes Fontis Energy, an offshore drilling company, and a joint venture interest in subsea services through Seagems. Fontis Energy boasts a fleet of five high-specification jack-up rigs in Mexico, contributing significantly to the company’s operational capacity in the energy sector.

While this announcement marks a pivotal moment for Paratus Energy Services, the company remains focused on future opportunities and strategic growth, wishing Archer the best in its continued journey as a premier oilfield services provider.