Borr Drilling Ltd

Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through Dayrate; and Integrated Well Services (IWS) segments. The Dayrate segment consists of rig charters and ancillary services. The IWS segment provides integrated well services through Opex and Akal. The company was founded by Tor Olav Trøim on August 8, 2016 and is headquartered in Hamilton, Bermuda.

Earnings data Q4 2020

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HAMILTON, Bermuda , Nov. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE & OSE: BORR) today announced that Euronext Oslo Stock Exchange ("OSE") has approved the Company's application for delisting, following an affirmative shareholder vote at the Company's Special General Meeting in October 2024. The Company's shares will be delisted from OSE as of 31 December 2024.

Borr Drilling Limited - Announcing Voluntary Delisting from Oslo Stock Exchange

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HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $175 million. The Additional Notes will have the same terms and conditions as the existing $515 million aggregate principal amount of senior secured notes due 2030.

Borr Drilling Limited - Announces Pricing of Offering of Additional 10.375% Senior Secured Notes due 2030 For Gross Proceeds of $175 million

HAMILTON, Bermuda , Oct. 25, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) today announced certain preliminary unaudited results for the quarter ended September 30, 2024. For the three months ended September 30, 2024, the Company expects: (i) total operating revenues of approximately $242 million, (ii) operating income of approximately $84 million, and (iii) Adjusted EBITDA of approximately $116 million.

Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended September 30, 2024

HAMILTON, Bermuda , Oct. 17, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today been advised by the Nordic Trustee AS that, pursuant to the summons for a written resolution dated 2 October 2024 for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"), the written resolutions have today been resolved and approved by the bondholders. CONTACT:  Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision http://news.cision.com https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---written-resolution-approved---senior-unsecured-convertible-bond-loan-2023-20,c4052684   View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--written-resolution-approved--senior-unsecured-convertible-bond-loan-20232028-302279076.html SOURCE Borr Drilling Limited

Borr Drilling Limited - Written resolution approved - Senior Unsecured Convertible Bond Loan 2023/2028

HAMILTON, Bermuda , Oct. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior unsecured convertible bonds with ISIN NO0012828187 (the "Bonds"). The purpose of the written resolution is to approve a proposal to amend the bond terms in connection with the potential de-listing of the Company's shares from the Oslo Stock Exchange, as approved by a Special General Meeting of the shareholders of the Company on October 1, 2024.

Borr Drilling Limited - Summons for a written resolution - Senior Unsecured Convertible Bond Loan 2023/2028

HAMILTON, Bermuda , Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that a Special General Meeting of the Company was held on October 1, 2024 at 10:00 local time at 2nd Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

Borr Drilling Limited - SGM Results Notification

HAMILTON, Bermuda , Oct. 1, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2024 after the close of the New York Stock Exchange on Wednesday 6 November, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com.

Borr Drilling Limited - Invitation to webcast and conference call Q3 2024 results

HAMILTON, Bermuda , Sept. 11, 2024 /PRNewswire/ -- Chief Executive Officer, Patrick Schorn, of Borr Drilling Limited (the "Company") (NYSE: BORR) and (OSE: BORR) will present at the Pareto Securities' 31st Annual Energy Conference in Oslo, Norway, today, Wednesday 11 September 2024, at 1:50 pm CET.

Borr Drilling Limited to Present at the Pareto Securities' 31st Annual Energy Conference

Borr Drilling offers a strong investment opportunity with a 6.6% dividend yield, driven by a valuation gap and potential oil price recovery in 12-24 months. The company boasts a robust order backlog of $1.76 billion, ensuring revenue and cash flow visibility, with day rates expected to rise. Borr Drilling's modern fleet and tight supply-demand scenario for jack-up rigs support higher day rates, boosting EBITDA and cash flow.

Borr Drilling: Significant Upside Potential, Dividend Growth

HAMILTON, Bermuda , Sept. 3, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that the Company will hold a Special General Meeting on Tuesday, October 1st, 2024 to approve the delisting of the Company's common shares from the Oslo Stock Exchange and to authorise the Board of Directors to take steps to implement the delisting including filing an application to the Oslo Stock Exchange on behalf of the Company.

Borr Drilling Limited - Notice of Special General Meeting of Shareholders

Adjusted for a number of one-time items, Borr Drilling reported Q2/2024 largely in line with expectations and reiterated full-year guidance. BORR declared a quarterly dividend of $0.10, unchanged from Q1/2024, which is expected to be paid on September 6. On the call, management hinted at further increases next year. The company continues to do well on the contracting front, with a new $250 million multi-year contract offshore Brazil being the highlight of the quarter.

Borr Drilling: Upgrading On A Strong Outlook And Commitment To Capital Returns - Buy

Borr Drilling Limited (NYSE:BORR ) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - Chief Commercial Officer Conference Call Participants James West - Evercore ISI Fredrik Stene - Clarksons Securities Truls Olsen - Fearnley Securities Doug Becker - Capital One Operator Good day and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2024 Results Presentation Webcast and Conference Call.

Borr Drilling Limited (BORR) Q2 2024 Earnings Call Transcript

HAMILTON, Bermuda , Aug. 15, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's second quarter 2024 results to be held on the webcast/conference call at 15:00 CEST (9:00 AM New York time) on August 15, 2024.  In order to listen to the presentation, you may do one of the following: a)    Webcast To access the webcast, please go to the following link: https://edge.media-server.com/mmc/p/oog8fcz6 b)    Conference Call Please use this link to register for the conference call, https://register.vevent.com/register/BI5537d561434e4a0482d85516e384dbe1 Participants will then receive dial-in details on screen and via email and can then choose to dial in with their unique pin or select "Call me" and provide telephone details for the system to link them automatically.

Borr Drilling Limited - Q2 2024 Presentation

HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) today announces that the Company's Board of Directors has approved a cash distribution of paid-in capital of US$0.10 per share for the second quarter of 2024. Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, please note the information regarding the payment date for the shares registered in Euronext VPS below.

Borr Drilling Limited - Dividend declaration and key information relating to the cash distribution for the second quarter 2024

HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and six months ended June 30, 2024. Highlights Total operating revenues of $271.9 million, an increase of $37.9 million or 16% compared to the first quarter of 2024 Net income of $31.7 million, an increase of $17.3 million or 120% compared to the first quarter of 2024 Adjusted EBITDA1 of $136.4 million, an increase of $19.6 million or 17% compared to the first quarter of 2024 Year to date of report, the Company has been awarded fourteen new contract commitments, representing 3,537 days and $651 million of potential contract revenue In August, the Company raised $150 million of additional principal amount of debt under the 2028 Senior Secured Notes to finance the delivery of the newbuild "Vali" On August 14, 2024, the Board declared a cash dividend of $0.10 per share for the second quarter of 2024 to be paid on or about September 6, 2024 CEO, Patrick Schorn commented: "The second quarter operational performance has been strong, with a technical utilization rate of 99.2% and an economic utilization rate of 98.4%.

Borr Drilling Limited Announces Second Quarter 2024 Results

HAMILTON, Bermuda , Aug. 14, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") advises that the 2024 Annual General Meeting of the Company was held on August 14, 2024 at 10:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.

Borr Drilling Limited - 2024 AGM Results Notification

HAMILTON, Bermuda , Aug. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of additional 10.000% senior secured notes due 2028 (the "Additional Notes") for gross proceeds of approximately $150 million. The Additional Notes will have the same terms and conditions as the existing $1.225 billion aggregate principal amount of senior secured notes due 2028.

Borr Drilling Limited - Announces Pricing of Additional Offering of 10.000% Senior Secured Notes due 2028 For Proceeds of $150 million

HAMILTON, Bermuda , Aug. 9, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") today announced certain preliminary unaudited results for the quarter ended June 30, 2024. The Company expects for the three months ended June 30, 2024: (i) total operating revenues of approximately $272 million, an increase of $38 million or 16% compared to the first quarter of 2024, (ii) operating income of approximately $104 million, an increase of $19 million or 23% compared to the first quarter of 2024, and (iii) adjusted EBITDA of approximately $136 million, an increase of $19 million or 17% compared to the first quarter of 2024.

Borr Drilling Limited Announces Certain Preliminary Results for the Quarter Ended June 30, 2024

HAMILTON, Bermuda , Aug. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the second quarter 2024 after the close of the New York Stock Exchange on Wednesday 14 August, 2024. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com.

Borr Drilling Limited - Invitation to webcast and conference call Q2 2024 results

HAMILTON, Bermuda , July 26, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce new contract commitments for three of its premium jack-up rigs, the "Arabia I", the "Gunnlod" and the "Norve". These commitments cover a total of 1,779 days and $332 million in contract revenue, including mobilization and demobilization compensation.

Borr Drilling Limited - Contracting Update

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