Borr Drilling Ltd. , today announced that the Company has received written notice from the New York Stock Exchange that the Company is 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. Under the NYSE rules, the [...]
A wholly owned subsidiary of Borr Drilling Ltd. , has on April 30, 2020, sold two standard jack-up drilling rigs, the "Dhabi II" and the "Paragon B152", for total cash proceeds of $15.8 million, including the associated backlog effective from April 1, 2020. The Company will continue to operate the rigs under a services agreement which will ensure continuity for our customer. The rigs are unencumbered, and the liquidity [...]
Borr Drilling Ltd. is pleased to announce that it has been awarded LOAs for work in the Asia Pacific region for two of its premium jack ups, of which one is a newbuild being activated. The contracts' estimated duration, excluding options, will be for 365 days and 200 days respectively. The rigs are expected to commence contracts in the third quarter of 2020. The Company has received notices of early termination of [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s fourth quarter 2019 results to be held on the webcast / conference call 28 February 2020 at 2:00PM CET/8:00 AM New York). In order to listen to the presentation, you may do one of the following: a. Webcast Click the "Webcast" link on www.borrdrilling.com/investor-relations/ or use the following link: https://edge.media-server.com/mmc/p/v4hmh8dy b. Conference [...]
Borr Drilling Ltd. announces unaudited results for the three- and twelve-months ended December 31, 2019. Highlights in the fourth quarter 2019 and full year 2019 Total operating revenues of $92.9 million, net loss of $69.3 million and Adjusted EBITDA of $1.8 million for the fourth quarter of 2019 Total operating revenues of $334.1 million, net loss of $308.1 million and Adjusted EBITDA of $ million for the full year 2019 [...]
Borr Drilling Ltd. will release its financial results for the fourth quarter 2019 on Friday, February 28, 2020. A conference call and webcast will be held at 2:00 PM 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 Click the "Webcast" link on [...]
Borr Drilling Ltd. is pleased to announce that the Company has entered into a new financing arrangement for the newbuild jack-up rig Tivar, scheduled to be delivered from the yard in July 2020. The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in December 31, 2021. As part of the agreement the delivery of the jack up rigs Vale and Var are [...]
Borr Drilling Ltd. is pleased to announce it has agreed with its financing banks to make certain amendments to its financial covenants. The required minimum book equity ratio has been adjusted from 40% to 33.3% and the minimum free liquidity covenant adjusted from 4.0% to 3.0% of Net Interest Bearing Debt. These amendments are effective from year end 2019 and into 2021. The Company continues to be in constructive [...]
Borr Drilling Ltd. today announced the appointment of Mr. Neil Glass as a new director of the Board. Mr. Glass graduated from the University of Alberta in 1983 with a degree in Business. He is a member of both the Chartered Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors. Mr. Glass worked for Ernst & Young for eleven years: seven years with [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s third quarter 2019 results to be held on the webcast / conference call 26 November 2019 at 3:00PM CET/9:00 AM New York). This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was brought to you by Cision http://news.cision.com [...]
Hamilton, Bermuda, November 26, 2019: Borr Drilling Ltd. announces unaudited results for the three and nine months ending September 30, 2019. The Chairman of the Board, Paal Kibsgaard, commented: "The jack-up market tightened further in the third quarter, with strong tendering activity, improving dayrates and a strengthening market outlook for 2020. We continued to execute well throughout our rig operations, as well as on [...]
Borr Drilling Ltd. will release its financial results for the third quarter 2019 on Tuesday, November 26, 2019. The time of the release will be at 1:00 PM CET / 7:00 AM New York Time in order to accommodate the Company's US shareholders. A conference call and webcast will be held at 3:00 PM CET . The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com. In order [...]
+144,44 %
-87,50 %