#Senior Secured Notes #Tender Offer #Bermuda #Hamilton #Paratus Energy

Paratus Energy Services Ltd. Cash Tender Offer Results

HAMILTON, Bermuda, Nov. 18, 2025 – In a recent announcement, Paratus Energy Services Ltd. (ticker: PLSV) revealed the successful completion of its cash tender offer for senior secured notes due 2026, amounting to a total purchase of $17,607,991. This offer is part of the company’s strategic management of its financial and operational commitments.

The tender offer, which was made public on October 15, 2025, saw significant interest from investors, resulting in a total of $159,165,392 in notes tendered by the expiration date on November 14, 2025. Given the interest far exceeded the purchase cap, the company accepted the notes on a prorated basis at a rate of approximately 0.1106. This approach was necessary to ensure equitable treatment among all holders of the notes.

Details of the Tender Offer

The cash tender offer was conducted under specific terms outlined in the Offer to Purchase dated October 15, 2025, which detailed the conditions under which the company would repurchase the notes at 103% of their principal. Withdrawal rights for the notes ended on November 3, 2025, highlighting the importance of timely participation from investors in this strategic move.

All accepted notes will include accrued interest from the last payment date up to the date of purchase, which is expected to take place no later than November 19, 2025. The notes in question are governed by an Amended and Restated Indenture first established on January 20, 2022.

The funds to facilitate this purchase will primarily come from the net cash proceeds of the recently announced Archer Transaction, further emphasizing Paratus's proactive approach to improving its balance sheet and financial health in volatile market conditions.

Current Financial Position

As of now, the outstanding principal amount of the notes stands at approximately $215.5 million, and after this tender offer, it will be reduced to about $197.9 million. This substantial reduction in debt is expected to bolster the company’s liquidity and financial flexibility moving forward.

Why This Matters: The success of this tender offer reflects a strong market appetite for Paratus’s fixed-income securities and reinforces investor confidence in the company’s strategic direction and financial stability. The high level of participation suggests that stakeholders are active and interested in restructuring their investment positions.

Looking Ahead

Paratus is focused on executing its strategic initiatives, which include continued investment in offshore drilling and subsea services through its subsidiaries, Fontis Energy and Seagems. Fontis operates five high-specification jack-up rigs in Mexico, while Seagems offers subsea solutions via six multi-purpose pipe-laying support vessels in Brazil.

In an environment where financial discipline and strategic investment are critical, Paratus's ability to successfully execute this tender is a positive indicator of its overall market strategy and operational resilience. Investors are urged to keep a close eye on future announcements, as the company continues to navigate through the complexities of the energy sector while aiming for sustainable growth.

Conclusion

The cash tender offer executed by Paratus Energy Services demonstrates a robust approach to financial management, resulting in significant immediate debt reduction while also optimizing its capital structure. Moving forward, the company is poised to capitalize on positive market trends within the energy sector, supported by its strong operational base and dedicated team management. For ongoing updates and further details about the tender offer, investors should direct inquiries to the Tender and Information Agent, Global Bondholder Services Corporation, at the provided contact numbers.