Borr Drilling Limited - Announces Pricing of $260 million of 3.50% Convertible Senior Notes due 2033
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, April 15, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced the pricing of $260 million in aggregate principal amount senior notes due in 2033 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Company has also granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $40 million aggregate principal amount of the Notes, solely to cover over-allotments, if any, in connection with the offering. The offering is expected to close on or about April 17, 2026, subject to the satisfaction of customary closing conditions.The Notes will be senior, unsecured obligations of the Company, bear interest at a rate of 3.5% per annum, payable semi-annually, beginning on November 1, 2026, mature on May 1, 2033, and
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News
- Borr Drilling Limited - Completes Offering of Convertible Senior Notes due 2033 [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Completes Offering of Convertible Senior Notes due 2033PR Newswire
- Borr Drilling: Recent Pullback Provides Buying Opportunity (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Borr Drilling (BORR): Buy, Sell, or Hold Post Q4 Earnings? [Yahoo! Finance]Yahoo! Finance
- A Look At Borr Drilling (NYSE:BORR) Valuation After Mixed Short Term Share Performance [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 4/17/26 - Form 6-K
- 4/17/26 - Form 4
- 4/15/26 - Form 6-K
- BORR's page on the SEC website