#United States #Senior Secured Notes #Hamilton #Paratus Energy #Archer Limited

Paratus Energy Services Ltd. Cash Tender Offer Overview

Paratus Energy Services Ltd. has recently announced a cash tender offer for its senior secured notes, totaling up to $17,607,991, which are due in 2026. This initiative follows the company's earlier Archer Transaction, where it successfully sold shares in Archer Limited, generating approximately $49 million in gross proceeds.

The details regarding this cash tender offer are structured under a program that aims to purchase the specified notes (CUSIPs 81173J AC3, G8000A AH6, 81173J AD1; ISINs US81173JAC36, USG8000AAH61, US81173JAD19) at a repurchase price of 103% of their principal amount. Each holder of the notes will also receive accrued and unpaid interest up until the date of repurchase.

Offer Timelines and Procedures

The tender offer commenced on October 15, 2025, and will conclude at 5:00 p.m. New York City time on November 14, 2025. It’s important that note holders note the strict timeline, as they must tender and not withdraw their notes by the stipulated expiration date to receive the Tender Offer Consideration. Post this date, any validly tendered notes will be processed for payment along with accrued interest.

If holders decide to withdraw their notes from the transaction, they have until November 3, 2025 to do so. Notably, the offer is not conditioned on a minimum amount of notes being tendered.

Tender Offer Conditions

Certain conditions apply to this tender offer, as detailed in the Offer to Purchase documentation provided to the holders. Paratus Energy Services Ltd. is working closely with Global Bondholder Services Corporation, which acts as the Tender and Information Agent, for any assistance regarding the tendering process or queries regarding the offer.

Future Financial Strategy

By executing this tender offer, Paratus aims to leverage the proceeds from the Archer shares sale, demonstrating a strategic approach towards managing its financial obligations efficiently. The company's existing principal amount of the notes stands at approximately $215.5 million, leaving a balance of $197.9 million after the proposed buyback.

About Paratus Energy Services

Paratus Energy Services Ltd. (ticker PLSV) operates as an investment holding company that includes a variety of energy service entities. The core of its operations is affiliated with Fontis Energy, a leading offshore drilling firm, alongside a 50/50 joint venture interest in Seagems, a premier subsea services provider. Fontis Energy boasts a fleet of advanced jack-up rigs while Seagems oversees several sophisticated pipe-laying support vessels.

For stakeholders considering participation, it is crucial to assess the tender offer meticulously. Investors are encouraged to consult with their advisers to determine the optimal course of action regarding the tendering of notes. Paratus emphasizes that this press release does not serve as a solicitation, and participants should evaluate all material and make informed decisions.

Conclusion

The tender offer reflects Paratus Energy Services' commitment to maintaining robust financial health while also optimizing shareholder value. Stakeholders and noteholders are urged to act promptly to ensure their participation in this strategic financial maneuver.