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Paratus Energy Services Ltd - Successful Placement of USD 250 million New Bonds

BY PR Newswire | CORPORATE | 11:23 AM EDT

HAMILTON, Bermuda, May 7, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (PLSVF) (the "Company" or "Paratus") refers to the announcement made on 4 May 2026 regarding fixed income meetings regarding a potential new issuance of bonds. The Company today announces that it has successfully completed a private placement of USD 250 million of five-year senior secured bonds with a coupon rate of 8.125% and a borrowing framework of USD 500 million.

The bond issue attracted strong demand from investors globally and was significantly oversubscribed. The net proceeds from the bond issue will be used towards the refinancing of Paratus' existing senior secured notes maturing in July 2026, and for general corporate purposes of the group.

Settlement is expected to occur on or about 22 May 2026, subject to customary conditions precedent, and an application will be made for listing of the bonds on the Euronext ABM Fast Entry within 60 days and Euronext ABM within 6 months.

Arctic Securities, DNB Carnegie and Pareto Securities acted as Global Coordinators and Joint Bookrunners, and ABG Sundal Collier and Fearnley Securities acted as Joint Bookrunners.

Schj?dt acted as legal advisor to Paratus. Thommessen acted as legal advisor to the Joint Global Coordinators and Joint Bookrunners.

For further information, please contact:
Baton Haxhimehmedi, CFO and Interim CEO
Baton.Haxhimehmedi@paratus-energy.com
+47 4063 9083

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. Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels in Brazil.

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SOURCE Paratus Energy Services Ltd (PLSVF)

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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.

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