#Senior Secured Notes #Bermuda #Hamilton #Paratus Energy #Archer Limited

Paratus Energy Services Ltd. Announces Cash Tender Offer for Up to $17,607,991 Senior Secured Notes Due 2026

Paratus Energy Services Ltd., trading under the ticker symbol PLSV, recently made a significant announcement regarding its financial strategies. Following the successful completion of a share sale in Archer Limited through its wholly owned subsidiary, Paratus JU Newco Bermuda Limited, which brought in around $49 million, the company is now launching a cash tender offer for its currently outstanding Senior Secured Notes due 2026.

The tender offer aims to repurchase a total principal amount of up to $17,607,991 of these notes. This move provides an attractive opportunity for noteholders as the repurchase price is set at 103% of the principal amount of the notes, coupled with accrued interest up until the date of repurchase. This tender offer can be seen as part of Paratus's ongoing efforts to manage its financial Liabilities wisely, especially after its successful transaction involving Archer.

This offer, dated October 15, 2025, stipulates that it will remain open until 5 p.m. New York City time on November 14, 2025. However, this timeline is subject to possible extension, and holders of the notes are encouraged to tender their securities before the expiration date to qualify for the tender offer consideration.

Additionally, it's important to note that the tender offer is not contingent upon a minimum principal amount being tendered, which adds to its favorable aspects for investors. After the successful repurchase of these notes, Paratus expects to have a remaining balance of approximately $197.9 million of the original $215.5 million principal.

For those looking to participate in this offer, the process involves validly tendering and not withdrawing their notes before the specified expiration date. Furthermore, the opportunity to withdraw tendered notes will be available until November 3, 2025. Investors are advised to check with their respective brokers or financial intermediaries on their specific procedures for tendering notes, as these can vary.

Paratus has appointed Global Bondholder Services Corporation as the Tender and Information Agent for this transaction. They can be reached through various channels for queries regarding the tendering process or to obtain a copy of the offering documents.

In its announcement, Paratus also clarified that this press release does not convey any solicitation to sell or purchase securities. It is merely informative, marking the commencement of the cash tender offer.

The company continues to focus heavily on its core operations, primarily centered around its subsidiaries, Fontis Energy and the joint venture Seagems. Fontis Energy specializes in offshore drilling, boasting a fleet of five top-tier jack-up rigs in Mexico, while Seagems provides crucial subsea services in Brazil, utilizing six multi-purpose pipe-laying support vessels. With a clear roadmap and a refreshed financial strategy post the Archer transaction, Paratus Energy Services seems well-positioned to navigate the evolving energy landscape.

In conclusion, the cash tender offer represents another layer in Paratus's robust financial management strategy. Investors and stakeholders are encouraged to stay informed and consider their options carefully as this opportunity unfolds.