Borr Drilling Announces Proposed Offering of $250 million of Convertible Senior Notes due 2033
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, April 14, 2026 /PRNewswire/ -- Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced that it intends to offer, subject to market and other conditions, $250 million aggregate principal amount of convertible senior notes due 2033 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The Company also intends to grant 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 $37.5 million aggregate principal amount of the Notes, solely to cover over-allotments, if any, in connection with the offering.The Notes will be senior, unsecured obligations of the Company, pay interest semi-annually, mature in 2033, and be convertible into the Company's common shares, cash, or a combination of shares and cash, at the Company's election.The Company intends to
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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
- Borr Drilling Limited - Announces Pricing of $260 million of 3.50% Convertible Senior Notes due 2033PR Newswire
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