Borr Drilling Ltd. announces today that it has priced its previously announced offering of 50 million common shares at a price of $2.05 per share for total gross proceeds of $102.5 million. The Company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital. It is expected that delivery of the common shares offered in [...]
Highlights Borr financing package to increase liquidity by $200 million, strengthening balance sheet for continued growth Bruno Morand to become CEO effective September 1, 2025, following a thorough succession planning process Patrick Schorn to transition from CEO to Executive Chairman of the Board of Directors, providing continuity and expanded leadership bandwidth, with the current Chairman to remain as a Director [...]
Borr Drilling Ltd. is pleased to announce new contract commitments for four of its premium jack-up rigs, bringing the total number of contracted rigs to 23 out of its fleet of 24. The new awards have a combined duration of approximately 1,300 days, including fixed priced options, and an estimated contract revenue of more than $129 million1. In line with our strategy to optimize near term fleet utilization, these new [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s first quarter 2025 results to be held on the webcast/conference call at 15:00 CET on May 22, 2025. In order to listen to the presentation, you 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/8stekv6h b) Conference Call Please use this link to register for the conference call [...]
Borr Drilling Ltd. announces unaudited results for the three months ended March 31, 2025. Highlights Total operating revenues of $216.6 million, a decrease of $46.5 million compared to the fourth quarter of 2024 Net loss of $ million, a decrease of $43.2 million compared to the net income in the fourth quarter of 2024 Adjusted EBITDA of $96.1 million, a decrease of $40.6 million compared to the fourth quarter of 2024 YTD [...]
HAMILTON, Bermuda., May 21, 2025 /PRNewswire/ -- Borr Drilling Ltd. advises that the 2025 Annual General Meeting of the Company was held on May 21, 2025 at 10:00 Bermuda local time at the Company's registered offices at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2024 were presented to the [...]
Borr Drilling Ltd. plans to release its financial results for the first quarter 2025 after the close of the New York Stock Exchange on Wednesday 21 May, 2025. A conference call and webcast is scheduled for 9:00 AM New York Time on Thursday 22 May, 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available from the [...]
Borr Drilling Ltd. is pleased to announce new contract commitments for three of its premium jack-up rigs and additional fleet updates. Highlights Secured new awards for the rigs "Thor", "Gerd" and "Norve" with an expected combined duration of 774 days and estimated contract revenues of approximately $120 million, excluding mobilization and demobilization fees. Received re-mobilization notices for the rigs "Galar", "Grid [...]
Borr Drilling Ltd. today filed its Annual Report on Form 20-F for the Year Ended December 31, 2024 . The report is attached to this release. The Company's 2024 Annual Report can be downloaded from the SEC's website from March 25, 2025, and is also available on the Company's website . CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision [...]
The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on Wednesday May 21, 2025. The Board of Directors has fixed the close of business on March 6, 2025, as the record date for determination of the shareholders entitled to receive notice of, attend and vote at the Annual General Meeting or any adjournment thereof. A copy of the Notice of the Annual General Meeting and Form of Proxy will be [...]
The Annual General Meeting of Shareholders of Borr Drilling Ltd. will be held on May 21, 2025, in Bermuda. The record date for voting at the Annual General Meeting is set to March 6, 2025. A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to Shareholders by normal distribution methods. Associated information including the Company's Annual Report can be found on the Company's website [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s fourth quarter 2024 results to be held on the webcast/conference call at 15:00 CET on February 20, 2025. In order to listen to the presentation, you 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/opm27qfq b) Conference Call Please use this link to register for the conference [...]
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