Borr Drilling Limited - Announces Pricing of Additional Senior Secured Notes Offering
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") announced today that its wholly owned subsidiary Borr IHC Limited and certain other subsidiaries have priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $165 million.The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030.The Company plans to use the proceeds from the Additional Notes offering, together with the proceeds from its previously announced equity offering, seller financing and, if necessary, available cash, for the acquisition of five premium jack-up rigs announced by the Company on December 8, 2025 and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. Settlement of the Additional Notes is expected on or about December 19, 2025 and is subject to
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BORR
News
- Borr Drilling Limited (BORR) Announces Agreement to Acquire Five Premium Jack-Up Rigs [Yahoo! Finance]Yahoo! Finance
- Looking at the Narrative for Borr Drilling After Offshore Contracts and Fleet Expansion [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Announces Settlement of Offering of Common Shares [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Announces Settlement of Offering of Common SharesPR Newswire
- Is It Too Late to Consider Borr Drilling After Its Recent 37.1% Price Surge? [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 12/10/25 - Form 6-K
- 12/10/25 - Form 424B5
- 12/9/25 - Form 6-K
- BORR's page on the SEC website