Borr Drilling Ltd.

Borr Drilling Ltd. announces preliminary unaudited results for the three and twelve months ended December 31, 2021. Highlights Fourth Quarter of 2021 Total operating revenues of $69.1 million, a decrease of $3.9 million compared to the third quarter of 2021 Net loss of $46.1 million, an increase of $13.5 million compared to the loss in the third quarter of 2021 Cash and cash equivalents of $34.9 million and restricted [...]

Borr Drilling Ltd. and OSE: BORR) plans to release its financial results for the fourth quarter 2021 on Wednesday, 16 February, 2022. A conference call and webcast is scheduled for 14:00 CET . The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link [...]

Current Chairman of the Board of Borr Drilling Ltd. , Paal Kibsgaard, has today informed the Board that due to other work-related commitments, he will need to step down from his role as Chairman. Mr. Kibsgaard is pleased to continue to serve as a regular Board Member. The Board has elected Vice Chairman Tor Olav Troim, to be the new Chairman of the Board. Troim was previously Chairman for Borr Drilling from establishment [...]

Reference is made to Borr Drilling Ltd.'s stock exchange releases related to the equity offering of 13,333,333 new depository receipts to be listed on the Oslo Stock Exchange , representing the beneficial interests in the same number of the Company's underlying common shares, each at a subscription price at USD 2.25 per Offer Share. The Offer Shares were settled today, on Monday 31 January 2022, and the Company's issued [...]

Reference is made to Borr Drilling Ltd.'s stock exchange announcements of December 28, 2021, relating to the pricing of the equity offering through the subscription and allocation of a total of 13,333,333 in new depository receipts , representing the beneficial interests in the same number of the Company's underlying common shares, each at a subscription price of USD 2.25 per Offer Share , raising gross proceeds of USD 30 [...]

Borr Drilling Ltd. is pleased to announce that it has reached agreements in principle with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025. This is a major step forward in the Company's previously announced target to address its debt maturities and commitments currently due in 2023. In return for these concessions, the [...]

Borr Drilling Ltd. is pleased to announce it has secured a contract for the premium jack-up drilling rig "Norve" with BW Energy for work in Gabon. The contract is expected to commence in the second half of 2022 after the completion of the rigs current contract. The work will cover 4 firm wells with an anticipated duration of 240 days plus options. Additionally, the Company has secured a binding Letter of Award for the [...]

Borr Drilling Ltd. refers to the announcement issued June 29, 2021 regarding the notice from the New York Stock Exchange that the Company was not in compliance with the NYSE continued listing standard as the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. Today, the Company announces that its Board of Directors has approved a 2-to-1 reverse share [...]

Please find enclosed the presentation of Borr Drilling Ltd.'s third quarter 2021 results to be held on the webcast/conference call at 14:00 CET on November 5, 2021. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link: www.incommuk.com/customers/online with access code: 286812 b) Conference Call Dial in details, Participants: Conference ID: 286812 Norway, Oslo [...]

Borr Drilling Ltd. announces preliminary unaudited results for the three and nine months ended September 30, 2021. Highlights third quarter of 2021 Total operating revenues of $73.0 million, an increase of $18.2 million compared to the second quarter of 2021 Net loss of $32.6 million, an improvement of $27.3 million compared to the second quarter of 2021 Cash and cash equivalents at the end of the third quarter of 2021 [...]