Paratus Announces Listing of Senior Secured Bonds on Nordic ABM

BY PR Newswire | CORPORATE | 12/20/24 01:45 AM EST

HAMILTON, Bermuda, Dec. 20, 2024 /PRNewswire/ -- Reference is made to the announcement on 5 June 2024 made by Paratus Energy Services Ltd. (PLSVF) (the "Company" or "Paratus") published on the Company's website regarding the successful placement of USD 500 million new senior secured bonds (the "Bonds").

On 19 December 2024, Nordic ABM approved an admission document prepared by the Company in connection with its application for registration of the Bonds on Nordic ABM.

The Bonds will commence trading on Nordic ABM today, 20 December 2024.

The admission document is available on https://live.euronext.com/nb.?

For further information, please contact:
Baton Haxhimehmedi, CFO
Baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083

About Paratus

Paratus Energy Services Ltd. (PLSVF) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems (formerly Seabras). Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs working under contracts in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels under contracts in Brazil. In addition, Paratus is the largest shareholder in Archer Ltd, a global oil services company, listed on the Euronext Oslo B?rs.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/paratus-energy-services-ltd/r/paratus-announces-listing-of-senior-secured-bonds-on-nordic-abm,c4085342

?

Cision View original content:https://www.prnewswire.com/news-releases/paratus-announces-listing-of-senior-secured-bonds-on-nordic-abm-302337058.html

SOURCE Paratus Energy Services Ltd (PLSVF)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article