Borr Drilling Ltd. has issued an updated fleet status report, available on the Company's website and attached to this release. The report includes news about five new contracts and extensions since the previous fleet status report in August 2019, comprising two newbuilds, one warm stacked rig and extensions of two active rigs. This is expected to add approximately 55 months and approximately USD 151 million of additional [...]
The Board of Borr Drilling Ltd. is pleased to announce that Pål Kibsgaard has been formally appointed as the new Chairman of the Board in a board meeting of the Company. Mr Kibsgaard will replace Tor Olav Trøim as Chairman, who will continue to serve as a Director and has been appointed as Deputy Chairman. As previously announced, Mr. Kibsgaard was elected as a director of the company at the Company's AGM on [...]
Borr Drilling Ltd. announces unaudited results for the three and six months ended June 30, 2019 Highlights in the second quarter 2019 Operating revenues of $86.6 million, net loss of $103.2 million and Adjusted EBITDA of negative $4.9 million for the second quarter of 2019 The results include a $31.5 million mark to market loss related to forward contracts the Company acquired in Rowan/Ensco in 2018. The share price of [...]
The Board of Borr Drilling has based on the unanimous decision from the nomination committee, decided to recommend Paal Kibsgaard as new Chairman of the Board of Borr Drilling. The election will take place at the annual general meeting to be held on September 27, 2019. Mr. Kibsgaard has through his 27 years of experience, a deep knowledge of the oil and gas industry. He has held a variety of global senior management [...]
A copy of the Notice of Annual General Meeting and Form of Proxy, and associated information including the Company's Annual Report can be found on the Company's website at http://www.borrdrilling.com and attached to this press release. The notice and associated information will also be distributed to shareholders by normal distribution methods. Hamilton, Bermuda 22 August 2019 This information is subject to the disclosure [...]
Borr Drilling Ltd. advises that the 2019 Annual General Meeting of the company will be held on September 27, 2019. The record date for voting at the Annual General Meeting is set to August 20, 2019. The notice, agenda and associated material will be distributed prior to the meeting. August 13, 2019 Media Contact: Svend Anton Maier, Chief Executive Officer Borr Drilling Management +47-41427129 Rune Magnus Lundetræ [...]
Reference is made to Borr Drilling Ltd.'s previously disclosed information regarding its two contracts in Mexico with Petróleos Mexicanos , in what is referred to as "Cluster 2", under an integrated services model. The first rig, the "Grid", has arrived on site and is currently commencing its contract, while the second rig, the "Gersemi", is expected to commence shortly thereafter. The Company is also pleased to [...]
Borr Drilling Ltd. today announced that the underwriters of the Company's previously announced U.S. initial public offering have exercised their over-allotment option in full to purchase an additional 750,000 common shares at the IPO public offering price of $9.30 per share, less underwriting discounts and commissions. As a result, the total number of shares sold in the Offering was 5,750,000, with settlement of the [...]
Borr Drilling Ltd. today announced the pricing of its previously announced initial public offering in the United States of 5,000,000 of its common shares , at a price to the public of $9.30 per common share . Borr Drilling has also granted the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the Offering Price, less underwriting discounts and commissions. The Offering [...]
Borr Drilling Ltd. today announced that it has launched the initial public offering in the United States of 5,000,000 of its common shares. Borr Drilling will also grant the underwriters of the Offering a 30-day option to purchase up to an additional 750,000 common shares at the initial public offering price, less underwriting discounts and commissions. The Company expects the initial public offering price will be [...]
Borr Drilling and Paragon Offshore announced today that Borr’s previously announced tender offer to purchase all of the outstanding shares of Paragon has expired. The Offer was made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr. Computershare Trust Company, N.A., the depositary for the Offer has advised Borr that as of 6:00 PM Eastern time on Tuesday, 27 March [...]
Borr Drilling and Paragon Offshore announced today that Borr is extending its previously announced tender offer to purchase all of the outstanding shares of the company. The Offer is being made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr. The Offer is now scheduled to expire at 6:00 PM Eastern time on Tuesday 27 March 2018, unless further extended or terminated [...]
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