Paratus Energy Services Ltd - Successful placement of USD 500 million new bonds
Hamilton, Bermuda, 5 June 2024 - Paratus Energy Services Ltd.(the "Company" or "Paratus") announces that it has successfully completed a private placement of USD 500 million of new five-year senior secured bonds with a coupon rate of 9.5%. The bond issue attracted strong investor demand and was significantly oversubscribed. The proceeds from the new bond issue will be used towards partial refinancing of the Company’s existing USD 715 million notes. “Paratus has successfully completed one of the largest bond issuances seen in the Nordic bond market in the last few years,” said Robert