Paratus Announces Mexico Receivables Monetization Agreement
Hamilton, Bermuda, January 24, 2025 – Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) announces that its wholly owned subsidiary Fontis Holdings Ltd. (together with its subsidiaries, “Fontis”) has entered into an agreement with a leading international bank that will facilitate payment to Fontis of approximately $209 million[1] of outstanding overdue invoices with its client in Mexico ( the "Receivables Payment"), whereby Fontis will receive the funds from its client before the end of this month. The Receivables Payment is subject to an undisclosed upfront fee that