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.

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HAMILTON, Bermuda , Aug. 26, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today the second and final settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of the offering, including the option shares, is $275 million.

Borr Drilling - Second and Final Settlement of US Offering of Common Shares

HAMILTON, Bermuda , Aug. 25, 2022 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) advises that its 2022 Annual General Meeting will be held on September 30, 2022. The record date for voting at the Annual General Meeting is set to September 6, 2022.

Borr Drilling Limited - 2022 Annual General Meeting

OSLO, Norway , Aug. 25, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") advises that a Special General Meeting of the Company was held on August 25, 2022 at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$22,000,000.00 divided into 220,000,000 common shares of US$0.10 par value each to US$25,500,000.00 divided into 255,000,000 common shares of US$0.10 par value each by the authorization of an additional 35,000,000 common shares of US$0.10 par value each.

Borr Drilling Limited - SGM Results Notification and Conditions for Second Settlement of Equity Offering Met

HAMILTON, Bermuda , Aug. 19, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announces today that the underwriters of the Company's previously announced US offering of its US common shares (the "Offering") have exercised their option to purchase an additional 6,918,627 common shares at the public offering price of $3.60 per share, minus underwriting discounts. The settlement of the additional shares is expected to occur on August 26, 2022.

Borr Drilling Limited - Exercise of Option to Purchase Additional Shares

HAMILTON, Bermuda , Aug. 17, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today the first settlement of its previously announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share for total gross proceeds of $250 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 6,944,444 common shares at the offering price minus underwriting discounts.

Borr Drilling - First Settlement in the US Offering of Common Shares

OSLO, Norway , Aug. 16, 2022 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") advises that a Special General Meeting of the Company was held on August 16, 2022 at 09:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda The following resolution was passed: To approve the increase of the Company's authorized share capital from US$18,000,000.00 divided into 180,000,000 common shares of US$0.10 par value each to US$22,000,000.00 divided into 220,000,000 common shares of US$0.10 par value each by the authorization of an additional 40,000,000 common shares of US$0.10 par value each.

Borr Drilling Limited - SGM Results Notification and Conditions for First Settlement of Equity Offering Met

OSLO, Norway , Aug. 10, 2022 /PRNewswire/ -- Borr Drilling Limited (NYSE and OSE: BORR) plans to host a conference call and webcast on Friday August 12, 2022 at 15:00 CET (9:00 AM New York Time) to provide further details on its transformational capital structure realignment enabled by a $250 million equity offering and secured debt maturity deferrals. Participants are encouraged to dial in 10 minutes before the start of the call.

Borr Drilling Limited - Invitation to conference call

HAMILTON, Bermuda , Aug. 10, 2022 /PRNewswire/ -- Reference is made to Borr Drilling Limited's ("Borr Drilling") (NYSE: "BORR") (OSE: "BORR") stock exchange announcements of August 10, 2022, relating to the pricing of the equity offering through the subscription and allocation of a total of 69,444,444 new common shares (the "Offer Shares"), each at a subscription price of USD 3.60 per Offer Share (equivalent to NOK 35.00 per Offer Share), raising gross proceeds of USD 250 million. The Offer Shares will be listed on the New York Stock Exchange.

Borr Drilling Limited - Mandatory notification of trades

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

News for Borr Drilling Ltd Stock (BORR)