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Paratus Energy closes Fontis drilling unit sale for $420M

Wed, 29 Jul 2026 01:54:02 -0400

Paratus Energy Services Ltd. (OSLO: PLSV) has completed the sale of Fontis' drilling operations and jack-up fleet, receiving $163 million in cash and a $237 million seller credit, according to a company press release.

The seller credit carries a 2.5-year term with interest rates of 10% in the first year, 12% during months 13 through 18, and 14% thereafter. Paratus also received a separate $20 million payment as reimbursement of interim funding it had provided to support Fontis' operations between the signing and closing of the deal.

The transaction was first announced on March 23, 2026, and received competition clearance from the

Paratus Energy closes Fontis drilling unit sale for $420M

Wed, 29 Jul 2026 01:54:02 -0400

The transaction was first announced on March 23, 2026, and received competition clearance from the

Paratus Energy closes Fontis drilling unit sale for $420M

Wed, 29 Jul 2026 01:54:02 -0400

The transaction was first announced on March 23, 2026, and received competition clearance from the

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.

"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.
"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.
"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.
"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.
"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy - Completes Sale of Fontis

Wed, 29 Jul 2026 01:52:00 -0400

HAMILTON, Bermuda, July 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcements dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction") and dated 17 July 2026 regarding receipt of competition clearance from the board of commissioners of the Mexican Competition Authority.

Paratus is pleased to announce that all remaining conditions for the Transaction have now been satisfied and that the Transaction has been successfully completed.
"The successful completion of the transaction marks an important milestone for Paratus.

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy: Receipt of Competition Clearance for the Sale of Fontis

Fri, 17 Jul 2026 04:01:00 -0400

HAMILTON, Bermuda, July 17, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") refers to its announcement dated 23 March 2026 regarding the sale of Fontis' drilling operations and jack-up fleet (the "Transaction").

Paratus is pleased to announce that it has received clearance from the board of commissioners of the Mexican Competition Authority to proceed with the completion of the Transaction. Closing of the Transaction remains subject to the remaining customary conditions precedent and closing processes and is expected to occur during Q3 2026. The Company will provide

Paratus Energy Services redeems $201 million in senior secured notes

Tue, 09 Jun 2026 01:43:19 -0400

Paratus Energy Services Ltd. (OSLO: PLSV) announced the full redemption of its senior secured notes due 2026, using approximately $201 million from proceeds of a new bond issue.

The company used funds from its $250 million senior secured bond issue maturing in 2031 to complete the redemption, which included accrued and unpaid interest. The proceeds from the 2031 bond issue have been released from escrow, with the remaining balance transferred to the company.

The redemption follows announcements made by Paratus on May 7, 2026, regarding the placement of the new bonds and conditional redemption notification to holders of the notes originally issued

Paratus Energy Services Ltd. - Full redemption of Senior Secured Notes due 2026

Tue, 09 Jun 2026 01:32:00 -0400

HAMILTON, Bermuda, June 9, 2026 /PRNewswire/ -- Reference is made to the two announcements on May 7, 2026 made by Paratus Energy Services Ltd. (the "Company" or "Paratus") (OSLO: PLSV), available on the Company's website (www.paratus-energy.com) regarding (i) the successful placement of USD 250 million new senior secured bonds (the "2031 Bonds" or "2031 Bond Issue") and (ii) the conditional redemption notification to holders of notes (the "Notes") issued under the amended and restated indenture dated January 20, 2022.

The Company is pleased to announce that the proceeds from the 2031 Bond

Paratus Energy Services Ltd. - Full redemption of Senior Secured Notes due 2026

Tue, 09 Jun 2026 01:32:00 -0400

HAMILTON, Bermuda, June 9, 2026 /PRNewswire/ -- Reference is made to the two announcements on May 7, 2026 made by Paratus Energy Services Ltd. (the "Company" or "Paratus") (OSLO: PLSV), available on the Company's website (www.paratus-energy.com) regarding (i) the successful placement of USD 250 million new senior secured bonds (the "2031 Bonds" or "2031 Bond Issue") and (ii) the conditional redemption notification to holders of notes (the "Notes") issued under the amended and restated indenture dated January 20, 2022.

The Company is pleased to announce that the proceeds from the 2031 Bond

Paratus Energy: Ex Dividend USD 0.22 per share today

Thu, 04 Jun 2026 01:48:00 -0400

HAMILTON, Bermuda, June 4, 2026 /PRNewswire/ -- Reference is made to the announcement by Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") on May 29, 2026, regarding key information relating to the Q1 2026 cash dividend to be paid to the Company's shareholders. The shares in Paratus will be traded ex dividend of USD 0.22 (approximately NOK 2.03) per share as from today, 4 June 2026.

The payment date is expected to be June 12, 2026.
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
For further information,

Paratus Energy: Ex Dividend USD 0.22 per share today

Thu, 04 Jun 2026 01:48:00 -0400

HAMILTON, Bermuda, June 4, 2026 /PRNewswire/ -- Reference is made to the announcement by Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") on May 29, 2026, regarding key information relating to the Q1 2026 cash dividend to be paid to the Company's shareholders. The shares in Paratus will be traded ex dividend of USD 0.22 (approximately NOK 2.03) per share as from today, 4 June 2026.

The payment date is expected to be June 12, 2026.
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
For further information,

Paratus Energy: Q1 2026 Results

Fri, 29 May 2026 02:22:00 -0400

HAMILTON, Bermuda, May 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") today reported operational and financial results for the first quarter of 2026, highlighted by $75 million in segment revenues and $46 million in adjusted EBITDA, from continuing operations. The Company and its ownership in Joint Ventures ended the quarter with $128 million in cash and a net debt balance of $254 million (1.4x leverage) pro forma for the recently announced sale of the Jack-up business.

Paratus is pleased to announce that its Board of Directors (the "Board") has

Paratus Energy: Q1 2026 Results

Fri, 29 May 2026 02:22:00 -0400

HAMILTON, Bermuda, May 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") today reported operational and financial results for the first quarter of 2026, highlighted by $75 million in segment revenues and $46 million in adjusted EBITDA, from continuing operations. The Company and its ownership in Joint Ventures ended the quarter with $128 million in cash and a net debt balance of $254 million (1.4x leverage) pro forma for the recently announced sale of the Jack-up business.

Paratus is pleased to announce that its Board of Directors (the "Board") has

Paratus Energy: Q1 2026 Results

Fri, 29 May 2026 02:22:00 -0400

HAMILTON, Bermuda, May 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") today reported operational and financial results for the first quarter of 2026, highlighted by $75 million in segment revenues and $46 million in adjusted EBITDA, from continuing operations. The Company and its ownership in Joint Ventures ended the quarter with $128 million in cash and a net debt balance of $254 million (1.4x leverage) pro forma for the recently announced sale of the Jack-up business.

Paratus is pleased to announce that its Board of Directors (the "Board") has

Paratus Energy: Q1 2026 Results

Fri, 29 May 2026 02:22:00 -0400

HAMILTON, Bermuda, May 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") today reported operational and financial results for the first quarter of 2026, highlighted by $75 million in segment revenues and $46 million in adjusted EBITDA, from continuing operations. The Company and its ownership in Joint Ventures ended the quarter with $128 million in cash and a net debt balance of $254 million (1.4x leverage) pro forma for the recently announced sale of the Jack-up business.

Paratus is pleased to announce that its Board of Directors (the "Board") has

Paratus Energy: Q1 2026 Results

Fri, 29 May 2026 02:22:00 -0400

HAMILTON, Bermuda, May 29, 2026 /PRNewswire/ -- Paratus Energy Services Ltd. (OSLO: PLSV) ("Paratus" or the "Company") today reported operational and financial results for the first quarter of 2026, highlighted by $75 million in segment revenues and $46 million in adjusted EBITDA, from continuing operations. The Company and its ownership in Joint Ventures ended the quarter with $128 million in cash and a net debt balance of $254 million (1.4x leverage) pro forma for the recently announced sale of the Jack-up business.

Paratus is pleased to announce that its Board of Directors (the "Board") has