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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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Borr Drilling Limited Announces Pricing of Public Offering of Common Shares

Borr Drilling - NYSE public offering

HAMILTON, Bermuda , Aug. 9, 2022 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three and six months ended June 30, 2022. Highlights Second Quarter of 2022 Total operating revenues of $105.3 million, an increase of $23.3 million or 28% compared to the first quarter of 2022 Net loss of $165.3 million, an increase in loss of $114.0 million compared to the first quarter of 2022, mainly attributable to an impairment loss in Q2 2022 of $124.4 million due to an LOI entered into in June for the sale of three newbuild rigs, resulting in a decrease in net loss quarter on quarter of $10.4 million when excluding impairment Cash and cash equivalents of $29.7 million at the end of the second quarter of 2022, a decrease of $20.5 million from the end of the first quarter of 2022 of which $15.9 million was used on rig activations Adjusted EBITDA of $37.0 million, an increase of $15.6 million or 73% compared to the first quarter of 2022 Raised net proceeds of $3.6 million under the At-The-Market ("ATM") program during the quarter Entered into a letter of intent ("LOI") to sell three newbuild rigs we have ordered from Keppel FELS Shipyard Subsequent events Year to date in 2022, we have been awarded fourteen new contracts, extensions, exercised options and letters of awards ("LOAs") representing 5,610 days, or 15.4 years, and $650.2 million of potential revenue (including mobilization revenues but excluding options).

Borr Drilling Limited Announces Second Quarter and Six Months 2022 Preliminary Results

HAMILTON, Bermuda , Aug. 4, 2022 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce it has received a binding Letter of Intent ("LOI") for the premium jack-up drilling rig "Prospector 5" from an undisclosed operator in West Africa. The 6-well firm program is expected to commence during Q4 2022 and has an estimated duration of fourteen months plus options.

Borr Drilling Limited - Announcement of LOI for jack-up drilling rig

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HAMILTON, Bermuda , July 21, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) refers to its announcements of 14 July 2022 regarding the status of negotiations with its secured creditors and a possible equity offering. The Company's board is pleased to announce that it has obtained a financing proposal for the remaining $100 million of the $250 million senior secured facilities that was still subject to final syndication as described in the announcement of 14 July 2022.

Borr Drilling Limited - Update Refinancing

The market for jack-up rigs is strengthening, and the highly-levered Borr Drilling was benefiting from the trend. Borr Drilling faced a major refinancing milestone by June 30, which was communicated almost as a "done deal" to investors.

Borr Drilling: What To Make Of The Refinancing Mess

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HAMILTON, Bermuda , June 30, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance and extend its 2023 maturities and complete such refinancing by 30 June 2022. Significant progress has been made in the negotiations with the target to put in place the right capital structure for the company going forward.

Borr Drilling Limited - Update on Refinance

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HAMILTON, Bermuda , June 27, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") has signed a binding letter of intent with an undisclosed third party for the sale of 3 high-specification units under construction with Keppel FELS shipyard - namely "Tivar", "Huldra" and "Heidrun" (the "Transaction Rigs"). The sale transaction is subject to customary closing conditions and procedures and is expected conclude within 30 days.

BORR DRILLING LIMITED ENTERS INTO LETTER OF INTENT FOR THE SALE OF THREE JACK-UPS

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Borr Drilling Limited (NYSE:BORR ) Q1 2022 Results Conference Call May 31, 2022 9:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Conference Call Participants Fredrik Stene - Clarksons Securities Patrick Schorn Good morning, and thank you for participating in the Borr Drilling First Quarter 2022 Earnings Call. My name is Patrick Schorn, and I'm talking to you from Oslo, Norway.

Borr Drilling Limited (BORR) CEO Patrick Schorn on Q1 2022 Results - Earnings Call Transcript

HAMILTON, Bermuda , May 31, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE and NYSE: BORR) has today filed with U.S Securities and Exchange Commission its Unaudited Interim Financial Report for the three months ended March 31, 2022 on Form 6-K. The report is attached to this release and can also be found on the Company's website www.borrdrilling.com and the U.S Securities and Exchange Commission website, www.sec.gov.

Borr Drilling Limited - Interim Financial Report on Form 6-K

OSLO, Norway , May 31, 2022 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's first quarter 2022 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on May 31, 2022.  In order to listen to the presentation, you may do one of the following: a)    Webcast Please use the following link: www.incommuk.com/customers/online with access code: 690053 b)    Conference Call Dial in details, Participants: Conference ID: 690053 United Kingdom           020 3936 2999 United States               1 646 664 1960 All other locations        +44 20 3936 2999 Participants will be asked for their full name & Conference ID.

Borr Drilling Limited - Q1 2022 Presentation

HAMILTON, Bermuda , May 31, 2022 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces preliminary unaudited results for the three months ended March 31, 2022. Highlights First Quarter of 2022 Total operating revenues of $82.0 million, an increase of $12.9 million or 19% compared to the fourth quarter of 2021 Net loss of $51.3 million, an increase of $5.2 million compared to the loss in the fourth quarter of 2021 Cash and cash equivalents of $50.1 million and restricted cash of $8.2 million at the end of the first quarter of 2022, an increase of $12.3 million from the end of the fourth quarter of 2021 Adjusted EBITDA of $21.4 million, a decrease of $3.6 million compared to the fourth quarter of 2021 Raised net proceeds of $28.9 million in equity offering in January, and $5.1 million under ATM program during the quarter Subsequent events Raised additional $3.7 million under our ATM program in April 2022 Year to date in 2022, we have been awarded ten new contracts, extensions, exercised options and LOAs representing 4,232 days, or 11.6 years, and $487.4 million of potential revenue (including mobilization revenues but excluding options).

Borr Drilling Limited Announces Preliminary Results for the First Quarter of 2022

OSLO, Norway , May 27, 2022 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to release its financial results for the first quarter 2022 on Tuesday, May 31, 2022. A conference call and webcast is scheduled for 15:00 CET (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call.

Borr Drilling Limited - Invitation to webcast and conference call Q1 2022 results

OSLO, Norway , May 18, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce it has secured a binding Letter of Award ("LOA") for the premium jack-up drilling rig "Saga" from an undisclosed operator in Southeast Asia. The program is expected to commence in Q4 2022, in direct continuation of the current contract, for a duration of four years plus options.

Borr Drilling Limited - Announcement of LOA for jack-up drilling rig

HAMILTON, Bermuda , April 11, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) today files its Annual Report on Form 20-F for the Year Ended December 31, 2021 (the "2021 Annual Report"). The report is attached to this release.

Borr Drilling Limited files its 2021 Annual Report on Form 20-F

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OSLO, NORWAY , April 4, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to announce it has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company's backlog by approximately 2,530 days, excluding optional periods.

Borr Drilling Limited - Announcement of new contracts and extensions for jack-up drilling rigs

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OSLO, Norway, March 2, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) today announced the retirement of Ms Georgina Sousa as a Director and Company Secretary. The Board would like to thank Ms.

Borr Drilling Limited - Changes to the Board of Directors

News for Borr Drilling Ltd Stock (BORR)