#USA #Hamilton #Paratus Energy #Nordic ABM #Senior Secured Bonds

Paratus Energy Services Ltd. Announces Successful Bond Listing

On December 20, 2024, Paratus Energy Services Ltd. made a significant announcement regarding the successful entry of its senior secured bonds into trading on Nordic ABM. This follows an earlier notification made on June 5, 2024, where the company anticipated the successful placement of its bonds, valued at a substantial USD 500 million.

The bonds are intended to bolster the financial foundation of Paratus, a notable player in the energy services sector. Notably, the bonds are now set to begin trading effective from December 20, allowing investors an opportunity to engage with the company’s promising financial instruments. The admission document detailing the specifics of this bond listing has been meticulously prepared by the company and made accessible on the Nordic website.

What Are Senior Secured Bonds?

Senior secured bonds are a type of debt security that holds a legal claim on assets in the event of liquidation. Essentially, these instruments are secured via the company's assets, offering investors a layer of protection should the company face financial difficulties. This adds confidence for potential investors looking to engage with Paratus Energy Services.

Paratus Energy Services Ltd.: A Brief Overview

Paratus Energy Services Ltd. operates as an investment holding company managing a variety of energy service companies. The foundation of its operations is built through its primary ownership stake in Fontis Energy, alongside its shared interest in a joint venture called Seagems. Fontis Energy specializes in offshore drilling operations and operates a fleet of five advanced jack-up rigs under contracts in the Mexico region. On the other hand, Seagems provides subsea services, supporting operations with six multi-purpose pipe-laying vessels in Brazil.

Furthermore, Paratus Energy holds a prominent share in Archer Ltd., which is recognized globally in the oil services industry and is listed on the Euronext Oslo Børs. This diversified portfolio not only reflects the company’s commitment to maintaining a strong presence in the energy sector but also provides a safety net against market fluctuations, showcasing resilience and adaptability.

Moving Forward: Future Opportunities

As Paratus Energy continues to expand its footprint within the energy sector, the successful listing of its senior secured bonds is anticipated to provide the necessary financial resources for the company’s ongoing projects and strategic objectives. Investors can expect that Paratus will leverage this opportunity to enhance its operational capacity and possibly explore new ventures in the energy landscape.

Investors and stakeholders looking for more detailed information are encouraged to visit the Nordic ABM website or contact Baton Haxhimehmedi, the Chief Financial Officer of Paratus, via email or phone, for further inquiries.

This bond issuance, along with the company's robust positioning in both offshore drilling and subsea services, positions Paratus Energy Services Ltd. as a formidable presence in the global energy market. As trading commences, eyes will be on how these bonds perform and what further announcements the company plans to share with its investors and the market at large.