Borr Drilling Ltd.

Borr Drilling Ltd. refers to the stock exchange announcement published earlier today in relation to the process of refinancing our secured debt , and the contemplated issue of an aggregate principal amount of USD 1.5 billion of new senior secured notes . As a part of the Refinancing, and to facilitate attractive terms therein, the Company is contemplating a private placement of approximately USD 50 million in new shares [...]

Borr Drilling Ltd. and announced today that its wholly owned subsidiary Borr IHC Limited, and certain other subsidiaries intend to offer, subject to market conditions, $1,500,000,000 in aggregate principal amount of senior secured notes due 2028 and 2030. The notes will be guaranteed by the Company and certain of its subsidiaries and will be secured on a senior basis on substantially all of the assets of the Company and [...]

Borr Drilling Ltd. and today announced that Mr. Jeffery Currie and Mr. Patrick Schorn have been appointed as Directors of the Company by the Board with effect from 16 October 2023. Jeffrey Currie recently retired from Goldman Sachs after a decorated 27-year career. For the last 15 years, he was a Partner and the Global Head of Commodities Research where he was responsible for conducting research on commodity market [...]

Borr Drilling Ltd. has today published an investor presentation enclosed to this release and on its website www.borrdrilling.com, in addition to providing the following contracting updates. In September 2023, the premium jack-up rig "Idun" received a Letter of Intent for a 24 months' program in Southeast Asia starting in January 2024. We expect this LOI to be converted into a firm contract in October 2023. The contract [...]

Chief Executive Officer, Patrick Schorn, of Borr Drilling Ltd. will present at the Barclays CEO Energy-Power Conference in New York City today, Wednesday, September 6, 2023, at 1:50 pm EDT. A copy of the presentation to be held is available on the Company's website at www.borrdrilling.com and enclosed to this release. 6 September 2023 Hamilton, Bermuda CONTACT: Questions should be directed to: Magnus Vaaler, CFO, +44 1224 [...]

Borr Drilling Ltd. advises that the 2023 Annual General Meeting of the Company was held on August 31, 2023 at 09:00 ADT 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, 2022 were presented to the Meeting. The following resolutions were passed: To set the maximum number of Directors of the [...]

Borr Drilling Ltd. is pleased to announce that its premium jack-up rigs "Prospector 5" and "Natt" have received a Letter of Award for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million. Under this LOA, the "Prospector 5" and "Natt" will remain contracted until May 2026 and December 2025 [...]

Please find enclosed the presentation of Borr Drilling Ltd.'s second quarter 2023 results to be held on the webcast/conference call at 15:00 CET on August 17, 2023. 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/gpxrea2b b) Conference Call Please use this link to register for the conference [...]

Borr Drilling Ltd. announces unaudited results for the three and six months ended June 30, 2023. Highlights Second Quarter of 2023 Total operating revenues of $187.5 million, an increase of $15.5 million or 9% compared to the first quarter of 2023. Net income of $0.8 million, an increase of $8.2 million compared to the first quarter of 2023. Adjusted EBITDA of $84.0 million, an increase of $11.6 million or 16% compared to [...]

Borr Drilling Ltd. has issued 1,000,000 new common shares to be held in treasury, and used solely for issuance in connection with the exercise of share options vesting under the Company's existing share option program for certain employees. For further information on the share option program please refer to Note 24 of the Company's Annual Report on Form 20-F for the year ended December 31, 2022, which was filed with the [...]