#Bermuda #Hamilton #Paratus Energy #Arctic Securities #Q1 2026

Paratus Energy Services Update on Fixed Income Meetings and Q1 2026

On May 4, 2026, Paratus Energy Services Ltd. (OSLO: PLSV) announced the initiation of fixed income investor meetings, collaborating with significant financial institutions such as Arctic Securities, DNB Carnegie, and Pareto Securities. This series of meetings aims to discuss a potential USD-denominated 5-year senior secured bond issuance, contingent upon favorable market conditions.

These investor meetings serve a crucial purpose as they set the stage for a possible bond sale that would provide net proceeds for refinancing existing senior secured notes due in July 2026. This refinancing strategy will enhance the company’s financial flexibility and support ongoing corporate activities.

In the context of these meetings, Paratus is also set to share its preliminary and unaudited financial results for the first quarter of 2026. The key metrics from this reporting period are expected to showcase a mixed landscape but remain critical for informing potential investors and stakeholders regarding the company's economic health and strategy moving forward.

Financial Snapshot for Q1 2026

According to the anticipated figures, the combined contract revenue for Paratus is projected at $104 million, driven by its subsidiaries, which hold a mix of operational contracts and opportunities in the energy market. Here’s a detailed look at the financial outcomes expected to be presented:

• - Contract Revenue: $104 million, indicating a robust generation of income from ongoing projects.
• - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A notable figure of $56 million is expected, showing a resilient operational performance despite some emerging challenges.
• - Cash Reserves: Totaling $156 million, the company showcases a solid liquidity position that bodes well for short-term obligations and opportunistic investments.
• - Debt: The total debt stands at $778 million, raising discussions around leverage and overall financial strategy.
• - Net Interest Bearing Debt (NIBD): While NIBD is projected at $622 million, it paints a picture of leverage that the new bond issuance could help alleviate.
• - Backlog: An impressive backlog of $616 million provides a cushion for future revenue.

Strategic Implications

The planned bond issuance, if realized, is expected to empower Paratus with the liquidity necessary to not only refinance its existing obligations but also to bolster its operational capabilities. More importantly, the discussions during the investor meetings will shed light on the market's perception of Paratus’s performance and optimism around its business strategies, particularly in operational territories such as offshore drilling and subsea services.

Paratus Energy is more than just a service provider; it stands as a vital entity within the energy sector, with its ownership stakes in Fontis Energy and Seagems reinforcing its market relevance. Fontis Energy operates a fleet of high-specification drilling rigs in Mexico, while Seagems provides essential subsea services across Brazil—both operations are critical to meeting growing global energy demands.

Conclusion

The upcoming interim financial report, scheduled for release on May 29, 2026, is bound to provide deeper insights into Paratus's performance, revealing operational developments and strategic directions. As investors await further clarity on these financials amidst ongoing negotiations for the bond issuance, Paratus Energy Services is poised to navigate the competitive landscape effectively, leveraging its existing strengths and capitalizing on upcoming opportunities in the energy markets.

For any inquiries related to this announcement, Baton Haxhimehmedi, CFO and Interim CEO of Paratus Energy Services, will be available to provide further clarifications and updates in the coming period. Their openness and thorough communication will be instrumental in aligning investor expectations with market realities.

This update is central not only for current stakeholders but also for potential investors looking to assess the company’s outlook in an ever-competitive energy landscape.