Borr Drilling Ltd.

Borr Drilling Ltd. announces unaudited results for the three and twelve months ended December 31, 2020. Highlights in the Fourth Quarter of 2020 Total operating revenues of $60.2 million, net loss of $46.7 million and Adjusted EBITDA of $6.6 million for the fourth quarter of 2020. On October 5, 2020, equity offering raised total proceeds of $27.5 million. A subsequent offering closed on November 30, 2020, raising an [...]

Borr Drilling Ltd. , refers to its announcement on September 7, 2020 regarding the written notice received from the New York Stock Exchange that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days [...]

Borr Drilling Ltd. will release its financial results for the fourth quarter 2020 on Friday, February 26, 2021. A conference call and webcast will be held at 15:00 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 [...]

Reference is made to Borr Drilling Ltd.'s stock exchange release on 21 January 2021, and the contemplated equity offering of USD 40 million in new depository receipts. Borr Drilling is pleased to announce that the board of directors of the Company has, due to very high demand, increased the size of the offering to USD 46 million, and approved the subscription and allocation of a total of 54,117,647 in new depository [...]

Reference is made to Borr Drilling Ltd.'s stock exchange announcements of January 22, 2021, relating to the pricing of the equity offering through the subscription and allocation of a total of 54,117,647 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 0.85 per Offer Share , raising gross proceeds of USD 46 [...]

With reference to the press release 19 January, Borr Drilling Ltd. has now received approvals from each of the creditors in connection with the proposed liquidity improvement plan. The Company is working on definitive documentation to reflect these terms expected to be concluded shortly. A presentation by the Company is attached to this release and available on the Company's website. Forward looking statements This [...]

Borr Drilling Ltd. announces that in connection with Company's previously announced liquidity improvement plan, the Company intends to offer up to USD 40 million in new depository receipts , representing the beneficial interests in the same number of the Company's underlying common shares, each with a par value of USD 0.05 . The subscription price will be set through an accelerated bookbuilding process. Certain investors [...]

OSLO, Norway, Jan. 19, 2021 /PRNewswire/ -- Borr Drilling Ltd. is pleased to confirm that the liquidity improvement plan announced in December 2020 has received support from its creditors, including: The $400m syndicated bank facilities maturity deferred to January 2023 The $195m Hayfin facility maturity deferred to January 2023 $760m PPL facilities maturity amended to May 2023, with interest payments deferred until March [...]

Borr Drilling Ltd. and refers to an article initially published in the Norwegian newspaper "Dagens Næringsliv" today, which refers to a potential alternative plan discussed by two creditors. The Board and Management are highly confident that the Company can execute the liquidity improvement plan and equity raise as announced in a press release on 24 December 2020. The Company is working closely and constructively with all [...]

Borr Drilling Ltd. is pleased to announce in its fleet status report today that it has entered into a new contract, an extension and received an LOA, adding USD 35.1 million over approximately 480 days to the total backlog, with good prospects for additional backlog on these units. The previously announced LOI for the Norve, which is currently warm stacked, has been converted into a contact for two wells plus one option [...]