Paratus Energy Services Ltd. Announces Sale of its Jack-up Business [Yahoo! Finance]
Borr Drilling Limited Common Shares (BORR)
Company Research
Source: Yahoo! Finance
it, together with its indirect subsidiary Fontis Finance Ltd. ("Fontis Finance") has entered into agreements with Borr Drilling Limited ("Borr") and Proyectos Globales de Energía y Servicios CME, S.A. de C.V ("CME" and jointly with Borr, the "Purchasers") to sell Fontis' drilling operations and jack-up fleet (the " Transaction "). The Transaction is structured through two inter-conditional transactions, whereby CME will acquire the Fontis Mexican operations for cash consideration, while CME and Borr through a jointly owned acquisition vehicle will acquire Fontis' Singaporean rig owning entities for a combination of cash and seller's credit. The next phase for Fontis From Paratus becoming the owner of Fontis in 2022, and up until closing of the Transaction, Paratus will have overseen the distribution of approximately USD 760 million of asset value from Fontis to stakeholders, of which USD 219 million was distributed to creditors in 2022 and 2023 and approximately USD 541 million wi
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BORR
News
- Borr Drilling to acquire five jack-up rigs from Paratus for $287m [Yahoo! Finance]Yahoo! Finance
- Borr Drilling forms Mexico JV to acquire five rigs for $287M [Seeking Alpha]Seeking Alpha
- Borr Drilling Limited - Acquisition of Five Premium Jack-Up Rigs through New Joint Venture [Yahoo! Finance]Yahoo! Finance
- Borr Drilling Limited - Acquisition of Five Premium Jack-Up Rigs through New Joint VenturePR Newswire
- SEB Equities Downgrades Borr Drilling Limited (BORR) to Hold from Buy with a $5.45 Price Target [Yahoo! Finance]Yahoo! Finance
BORR
Sec Filings
- 3/24/26 - Form 6-K
- 3/18/26 - Form 3
- 3/18/26 - Form 3
- BORR's page on the SEC website