Paratus Energy Services Secures Bond Listing on Nordic ABM for Growth

In a notable advancement for the financial health of Paratus Energy Services Ltd., the company announced the listing of its senior secured bonds on Nordic ABM as of December 20, 2024. The approval was granted by Nordic ABM following an extensive reviews of the documentation prepared by the company for admission.

The process began back on June 5, 2024, when Paratus revealed its successful placement of $500 million in new senior secured bonds. The funds raised are pivotal for the company as they plan to expand their operations and strengthen their market position in the energy sector. The bonds are now available for trading on Nordic ABM, an important platform for financing in the Nordic region.

This noteworthy development underlines the robust strategy that Paratus has embarked upon in recent years. Paratus Energy Services is essentially an investment holding company that consolidates various leading energy services firms. Most notably, it has a significant presence through its ownership of Fontis Energy, which specializes in offshore drilling, and its joint venture interest in Seagems, a prominent subsea services provider.

Fontis Energy operates with a fleet of five high-specification jack-up rigs, all actively contracted in high-demand locations in Mexico. On the other hand, Seagems supports the Brazilian market with six multi-purpose pipe-laying support vessels. Additionally, Paratus holds a substantial stake in Archer Ltd, a global oil services company listed on the Euronext Oslo Børs, enhancing its value proposition in the sector.

The bonds’ listing marks a strategic move for Paratus, as their admission document—which significantly details their growth and operational strategies—has been made accessible to potential investors and market analysts. This ensures transparency and attracts interest from various stakeholders looking to invest in a growing company in the energy sector.

For Paratus, this bond placement is not merely a financial maneuver. It reflects the company’s commitment to elevating its operations while capitalizing on emerging opportunities in the rapidly evolving energy market. The funds raised will empower the company to pursue various initiatives, including bolstering its technological capabilities and expanding its fleet to meet increasing demands.

Moreover, the placement is projected to enhance Paratus' financial stability amid fluctuating market conditions and ongoing challenges faced by the energy sector globally. It demonstrates a proactive approach by Paratus to maintain liquidity, as well as to empower their capacity for large-scale projects and commitments in the global energy supply chain.

As trading commences today, December 20, 2024, stakeholders, investors, and market participants will be keenly assessing the performance of the bonds. This listing is anticipated to vindicate Paratus' strategic decisions and showcase their potential for sustainable growth and profitability.

For further inquiries and detailed financial insights, interested parties can reach out to Baton Haxhimehmedi, CFO of Paratus, for additional information. He is available at [email protected] or through the contact numbers provided by the company.

As Paratus Energy Services charts its path forward, the listing of their senior secured bonds on Nordic ABM represents a commendable milestone that is expected to bring tangible returns for investors and foster long-term resilience for the company in the competitive energy landscape.