Borr Drilling Ltd. announced today that it has entered into definitive agreements to acquire five premium jack-up rigs from Fontis Finance Ltd. for a purchase price of $287 million . The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint venture between subsidiaries of Borr Drilling and its long-term well construction partner in Mexico. Under the Transaction, the joint venture will [...]
Borr Drilling Ltd. today provided an operational update following recent hostilities in the Arabian Gulf, where the Company has four jack-up rigs deployed: one in Saudi Arabia; one in the UAE; and two in Qatar. In accordance with the customers' general precautionary measures, the three rigs deployed in Qatar and the UAE have been down manned as of last week. On March 7, 2026, the Arabia III was impacted by an incident [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s fourth quarter 2025 results to be held on the webcast/conference call at 09:00 New York time on Thursday, February 19, 2026. In order to listen to the presentation, participants may do one of the following: a) Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/inc8qdus b) Conference Call Please use this link to [...]
Borr Drilling Ltd. announces unaudited results for the three months and year ended December 31, 2025. Highlights Fourth Quarter total operating revenues of $259.4 million, a decrease of $17.7 million or 6% compared to net income in the third quarter of 2025 Fourth Quarter net loss of $1.0 million, a decrease of $28.8 million compared to the third quarter of 2025 Fourth Quarter Adjusted EBITDA of $105.2 million, a decrease [...]
Borr Drilling Ltd. plans to release its financial results for the fourth quarter of 2025 after the close of the New York Stock Exchange on Wednesday, February 18, 2026. A conference call and webcast are scheduled for 09:00 New York time on Thursday, February 19, 2026. The earnings report, webcast and accompanying presentation will be available on the Investor Relations section of the Company's website [...]
Borr Drilling Ltd. today announced that it has completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. This acquisition increases Borr Drilling's fleet to 29 rigs, strengthens our ability to serve customers across key offshore basins, and solidifies our position as the leading pure-play owner of premium jack-up rigs. Following this [...]
Noble Corporation plc today announced that it has completed the sale of five jackup rigs to Borr Drilling Ltd. for $360 million. The Company generated approximately $210 million in cash plus $150 million in seller notes from the sale of the Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient and Noble Resolute. Noble intends to operate two rigs - Noble Mick O'Brien and Noble Resolute - under a [...]
Borr Drilling Ltd. is pleased to announce new contract commitments for two of its premium jack-up rigs. In the Americas, the Ran has received a one-well extension with ENI in Mexico. The well has an anticipated duration of 75 days, keeping the rig on firm contract through March 2026. The remaining options under the contract allow for 240 days of extension beyond the end of the new committed term. Additionally, the Odin [...]
Borr Drilling Ltd. announced today the settlement of its previously announced public offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million . The Company plans to use the proceeds from the Equity Offering, together with proceeds from a priced debt offering announced on December 9, 2025, seller financing and, if necessary, available cash, for the acquisition of five [...]
Borr Drilling Ltd. announced today that its wholly owned subsidiary Borr IHC Limited and certain other subsidiaries have priced an offering of additional 10.375% senior secured notes due 2030 for gross proceeds of approximately $165 million. The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030. The Company plans to use the proceeds from the Additional Notes offering [...]
Borr Drilling Ltd. announces today that it has priced its previously announced offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million . The Company plans to use the proceeds from the Equity Offering, together with proceeds from a concurrent debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and [...]
Borr Drilling Ltd. announces today its plans to raise approximately $85 million in gross proceeds though an offering of 21 million shares . The Company plans to use the proceeds from the Equity Offering, together with proceeds from a debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt [...]
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