Borr Drilling Announces Settlement of Offering of Common Shares
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Dec. 10, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") announced today the settlement of its previously announced public 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 priced debt offering announced on December 9, 2025, seller financing and, if necessary, available cash, for the acquisition of five premium jack-up rigs announced 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.DNB Carnegie, Inc. and Clarksons Securities AS are joint global coordinators and bookrunners, Citigroup Global Markets, Inc., Fearnley Securities AS and Pareto Securities AS are joint bookrunners, and BTIG, LLC and Morgan Stanley & Co. LLC are co-managers for the Equit
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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
- Is It Too Late to Consider Borr Drilling After Its Recent 37.1% Price Surge? [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Announces Pricing of Additional Senior Secured Notes OfferingPR Newswire
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