[ad_1]
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ — Borr Drilling Restricted (NYSE: BORR) (the “Company”) introduced these days that its absolutely owned subsidiary Borr IHC Restricted and likely alternative subsidiaries have priced an providing of supplementary 10.375% senior connect notes due 2030 (the “Additional Notes”) for rude proceeds of roughly $165 million.
The Extra Notes could have the similar phrases and situations as the prevailing senior connect notes due 2030.
The Corporate plans to usefulness the proceeds from the Extra Notes providing, along with the proceeds from its prior to now introduced fairness providing, supplier financing and, if important, to be had money, for the purchase of 5 top class jack-up rigs introduced by means of the Corporate on December 8, 2025 and for basic company functions, which might come with debt provider, capital expenditures, investment of operating capital and doable mergers and acquisitions. Agreement of the Extra Notes is anticipated on or about December 19, 2025 and is topic to normal last situations.
This press reduce is for info functions handiest and does now not represent or method a part of an deal to promote or the solicitation of an deal to buy or subscribe for securities, nor will there be any sale of the securities in any jurisdiction by which such deal, solicitation or sale can be illegal previous to the registration or qualification beneath the securities regulations of one of these jurisdiction. The securities referred to herein have now not been and may not be registered beneath the U.S. Securities Operate of 1933 (the “U.S. Securities Act”) or acceptable climate securities regulations, and will not be introduced or bought in america or to U.S. individuals (alternative than vendors) until such securities are registered beneath the U.S. Securities Operate, or an exemption from the registration necessities of the U.S. Securities Operate is to be had.
Ahead-looking statements
The click reduce come with forward-looking statements inside the that means of Category 27A of the Securities Operate and Category 21E of the Securities Trade Operate of 1934, together with the anticipated last pace of the Extra Notes providing, the supposed usefulness of proceeds together with the purchase of 5 top class jack-up rigs and alternative non-historical statements. Those forward-looking statements are topic to various dangers, uncertainties and guesses, together with dangers in relation to the last of the Extra Notes, dangers similar to the usefulness of proceeds together with the purchase of 5 top class jack-up rigs and alternative dangers integrated in our filings with the Securities and Trade Fee together with the ones prepared forth beneath “Risk Factors” in our annual record on Method 20-F for the date ended December 31, 2024. Ahead-looking statements mirror wisdom and knowledge to be had at, and talk handiest as of, the pace they’re made. Aside from as required by means of legislation, the Corporate undertakes disagree legal responsibility to replace or revise publicly any forward-looking statements, whether or not on account of unutilized knowledge, date occasions or another way, later the pace hereof or to mirror the incidence of unanticipated occasions. Readers are cautioned to not playground undue reliance on such forward-looking statements.
The Board of Administrators
Borr Drilling Restricted
Hamilton, Bermuda
CONTACT:
Questions must be directed to: Magnus Vaaler, CFO, +44 1224 289208
This knowledge was once delivered to you by means of Cision http://news.cision.com
SOURCE Borr Drilling Restricted
[ad_2]
Source link
