Paratus Energy Completes Archer Limited Shares Sale Successfully

Author: Addison Perry Updated: 09-24-2025 06:57 PM

Paratus Energy Services Ltd Successfully Completes Sale

Paratus Energy Services Ltd has finalized the secondary sale of its common shares in Archer Limited, marking a significant milestone in the company’s investment strategy. This decision came as part of a broader strategy to streamline operations and enhance financial flexibility.

Details of the Transaction

In the recently completed secondary sale, Paratus Energy sold a total of 21,583,826 existing common shares of Archer at a price of NOK 22.50 per share. This transaction is expected to generate approximately USD 49 million in gross proceeds.

Shareholding Transition and Future Outlook

With this sale, Paratus Energy will no longer hold any shares in Archer Limited, transitioning their investment to a more direct organizational structure. The company's two largest shareholders will now hold their investments directly, promoting stability and consistency in Archer's future operations.

Strategic Priorities

Paratus Energy's CEO, Robert Jensen, emphasized the importance of refining their portfolio and simplifying their corporate structure. He stated, "This transaction represents a timely opportunity to monetize a non-core investment, further enhancing our strategic and financial flexibility. We are focused on positioning the company for long-term value creation."

Debt Management Strategy

The net proceeds from the secondary sale exceeding USD 30 million will be allocated towards the partial redemption of Paratus' outstanding debt. This step aligns with the agreements for the company’s outstanding notes and bonds, ensuring a more robust financial foundation.

About Paratus Energy Services Ltd

Paratus Energy Services Ltd (ticker PLSV) is an investment holding company that oversees a group of energy services ventures. The Paratus Group comprises ownership of Fontis Energy, an offshore drilling operator with a sophisticated fleet, alongside a joint venture interest in Seagems, a prominent subsea services provider.

Company Contact Information

For more information about Paratus Energy Services and the latest developments, you can reach out to:

Robert Jensen, CEO
Email: robert.Jensen@paratus-energy.com
Phone: +47 958 26 729

Baton Haxhimehmedi, CFO
Email: baton.Haxhimehmedi@paratus-energy.com
Phone: +47 406 39 083

Frequently Asked Questions

What was the purpose of the secondary sale?

The secondary sale aimed to streamline Paratus Energy's investment portfolio and enhance its financial flexibility while transitioning capital for future growth.

How many shares did Paratus sell in the transaction?

Paratus Energy sold 21,583,826 shares of Archer Limited in the secondary sale.

What is the expected gross profit from the sale?

The gross proceeds from the sale are expected to total approximately USD 49 million.

Will Paratus Energy continue investing in Archer Limited?

No, following the completion of the secondary sale, Paratus Energy will not hold any shares in Archer Limited.

What will Paratus do with the proceeds from the sale?

Proceeds exceeding USD 30 million will be used for the mandatory partial redemption of Paratus' outstanding debt, strengthening its financial position.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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