Paratus Energy Services Ltd. announces Convertible Loan Conversion
April 20, 2023 - Paratus Energy Services Ltd. an exempted company limited by shares incorporated under the laws of Bermuda formerly known as Seadrill New Finance Limited (the “Company”) today announced that the convertible loan made by the Company's subsidiary, Paratus JU Newco Bermuda Limited ("Paratus JU Newco"), to Archer Limited ("Archer") originally dated May 27, 2016 (as amended and restated from time to time) (the "Convertible Loan") was converted into 208,000,000 ordinary shares of Archer on April 20, 2023 (the “Convertible Loan Conversion”). Following the Convertible Loan