Business
Paratus Energy Services Ltd. Announces Results of Cash Tender Offer for up to $17,607,991 Senior Secured Notes due 2026
Reference is made to the announcement made by Paratus Energy Services Ltd., (ticker "PLSV") ("Paratus" or the "Company") on October 15, 2025 regarding the Company's offer to purchase for cash up to an aggregate principal amount of $17,607,991 Senior Secured Notes due 2026 (CUSIPs 81173J AC3, G8000A AH6 and 81173J AD1; ISINs US81173JAC36, USG8000AAH61 and US81173JAD19) (the "Notes") (the "Purchase Cap") governed by that Amended and Restated Indenture, dated as of January 20, 2022 (as subsequently
About this update from Paratus Energy Services Ltd.
[{"type":"text","content":"HAMILTON, Bermuda, Nov. 18, 2025 /PRNewswire/ -- Reference is made to the announcement made by Paratus Energy Services Ltd., (ticker "PLSV") ("Paratus" or the "Company") on October 15, 2025 regarding the Company's offer to purchase for cash up to an aggregate principal amount of $17,607,991 Senior Secured Notes due 2026 (CUSIPs 81173J AC3, G8000A AH6 and 81173J AD1; ISINs US81173JAC36, USG8000AAH61 and US81173JAD19) (the "Notes") (the "Purchase Cap") governed by that Amended and Restated Indenture, dated as of January 20, 2022 (as subsequently amended and supplemented, the "Indenture") at the repurchase price of 103% of the principal amount of such Notes (the "Tender Offer Consideration") (the "Tender Offer") (the "Announcements").","length":840,"tagName":"p"},{"type":"text","content":"The Tender Offer is made upon the terms and subject to the conditions described in the Offer to Purchase, dated October 15, 2025 (as amended or supplemented from time to time, the "Offer to Purchase"), which sets forth a detailed description of the Tender Offer.","length":272,"tagName":"p"},{"type":"text","content":"As set out in the Offer to Purchase, withdrawal rights for the Notes tendered expired at 5:00 p.m. New York city time, on November 3, 2025. The Tender Offer expired at 5:00 p.m. New York city time, on November 14, 2025 (the "Expiration Time").","length":253,"tagName":"p"},{"type":"text","content":"All conditions relating to the Tender Offer as set out in the Offer to Purchase were satisfied or waived by the Company at the Expiration Time.","length":143,"tagName":"p"},{"type":"text","content":"Further to the Announcements, the Company today announces the results and acceptance of Notes tendered pursuant to the Tender Offer on a prorated basis.","length":152,"tagName":"p"},{"type":"text","content":"As of the Expiration Time, according to information provided by Global Bondholder Services Corporation, the tender and information agent for the Tender Offer, a total of $159,165,392 in aggregate principal amount of Notes were validly tendered and not validly withdrawn in accordance with the Tender Offer.","length":306,"tagName":"p"},{"type":"text","content":"As the aggregate principal amount of the Notes validly tendered and ...