Partial redemption of Senior Secured Notes due 2026
Hamilton, Bermuda, July 8, 2024 – Reference is made to the announcement on 5 June 2024 made by Paratus Energy Services Ltd. (the "Company" or "Paratus") (ticker code: PLSV), available on the Company's website (www.paratus-energy.com) regarding the successful placement of USD 500 million new senior secured bonds (the "Bonds" or "Bond Issue"). The Company is pleased to announce that the proceeds from the Bond Issue have now been released from escrow and the full amount has been used to partially refinance the Company's existing USD 715 million notes (the "Notes"). As a result, the