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0.00257069408740366 0.00771208226221086 0.0282776349614396 0.0282776349614396 0.0514138817480719 0.0359897172236504 0.0964010282776351 0.0912596401028277
Stock impact report

Borr Drilling Announces Pricing of Public Offering of Common Shares

Borr Drilling Limited Common Shares (BORR) 
Company Research Source: PR Newswire
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") announces today that it has priced its previously announced offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a concurrent debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. It is expected that delivery of the common shares offered in the offering will be made against payment therefore on or around December 10, 2025. DNB Carnegie, Inc. and Clarksons Securities AS are joint global coordinators and bookrunners, Citigroup Global Markets, Inc., Fearnley Securities AS and Pareto Securities AS a Show less Read more
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