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    Greg Brody

    High Yield Research Analyst at Bank of America

    Gregg Brody is a High Yield Research Analyst at Bank of America, focused on credit research within the high yield sector. Brody analyzes and covers companies in industries with substantial debt profiles, leveraging experience gained from prior credit research roles at firms including JPMorgan Chase. Although his analyst career at Bank of America started less than a year ago, he brings valuable expertise from previous positions and delivers detailed company-specific insights. He holds industry-relevant credentials and maintains active professional licenses in line with FINRA requirements.

    Greg Brody's questions to Borr Drilling (BORR) leadership

    Greg Brody's questions to Borr Drilling (BORR) leadership • Q2 2025

    Question

    Greg Brody from Bank of America asked about plans to fill the idle time for the NAT rig, whether new exploration opportunities are coming at lower day rates, the nature of communication from Mexico on payables, and the potential use of the recent equity raise to address debt.

    Answer

    Incoming CEO Bruno Marsan stated the company is actively working on a set of opportunities to fill the NAT's schedule and feels optimistic about contracting most of the white space. He noted that day rates in West Africa are holding up well. Regarding Mexico, he clarified communication is indirect through local partners. CFO Magnus Fowler added that while buying back debt is a possibility, maintaining a strong liquidity position is also valuable for pursuing strategic opportunities like M&A.

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