Borr Drilling Ltd. announced today the second and final settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of [...]
Borr Drilling Ltd. advises that its 2022 Annual General Meeting will be held on September 30, 2022. The record date for voting at the Annual General Meeting is set to September 6, 2022. The notice, agenda and associated material will be distributed prior to the meeting. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was brought [...]
Borr Drilling Ltd. advises that a Special General Meeting of the Company was held on August 25, 2022 at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$22,000,000.00 divided into 220,000,000 common shares of US$0.10 par value each to US$25,500,000.00 divided into 255,000,000 [...]
Borr Drilling Ltd. announces today that the underwriters of the Company's previously announced US offering of its US common shares have exercised their option to purchase an additional 6,918,627 common shares at the public offering price of $3.60 per share, minus underwriting discounts. The settlement of the additional shares is expected to occur on August 26, 2022. No securities in the NYSE offering will be offered or [...]
Borr Drilling Ltd. announced today the first settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share for total gross proceeds of $250 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 6,944,444 common shares at the offering price minus underwriting discounts. The first [...]
Borr Drilling Ltd. advises that a Special General Meeting of the Company was held on August 16, 2022 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$18,000,000.00 divided into 180,000,000 common shares of US$0.10 par value each to US$22,000,000.00 divided into [...]
Borr Drilling Ltd. advises that the Company will hold a Special General Meeting on August 25, 2022. The Board of Directors has fixed the close of business on August 11, 2022 as the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof. A copy of the Notice of Special General Meeting and Form of Proxy and associated information can be found [...]
Borr Drilling Ltd. plans to host a conference call and webcast on Friday August 12, 2022 at 15:00 CET to provide further details on its transformational capital structure realignment enabled by a $250 million equity offering and secured debt maturity deferrals. Participants are encouraged to dial in 10 minutes before the start of the call. A presentation will be available from the Investor Relations section on [...]
Reference is made to Borr Drilling Ltd.'s stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and allocation of a total of 69,444,444 new common shares , each at a subscription price of USD 3.60 per Offer Share , raising gross proceeds of USD 250 million. The Offer Shares will be listed on the New York Stock Exchange. The following persons discharging [...]
Borr Drilling Ltd. announces today that it has priced its previously announced offering of 69,444,444 shares, at a price of $3.60 per common share for total gross proceeds of $250 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 6,944,444 common shares at the offering price minus underwriting discounts. No securities in the NYSE offering will be offered or listed on [...]
Borr Drilling Ltd. announces today that it plans to make a public offering of $250,000,000 of its common shares in the United States. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to $25,000,000 of additional common shares. No securities in the NYSE offering will be offered or listed on Oslo Stock Exchange. The Company plans to use the proceeds from the [...]
Borr Drilling Ltd. announces preliminary unaudited results for the three and six months ended June 30, 2022. Highlights Second Quarter of 2022 Total operating revenues of $105.3 million, an increase of $23.3 million or 28% compared to the first quarter of 2022 Net loss of $165.3 million, an increase in loss of $114.0 million compared to the first quarter of 2022, mainly attributable to an impairment loss in Q2 2022 of [...]