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Borr Drilling (BORR)

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Recent press releases and 8-K filings for BORR.

Borr Drilling Completes Acquisition of Five Jack-Up Rigs
BORR
M&A
New Projects/Investments
  • Borr Drilling Limited completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million.
  • This acquisition increases Borr Drilling’s fleet to 29 rigs, strengthening its position as the leading pure-play owner of premium jack-up rigs.
  • The acquired rigs have been renamed: Noble Regina Allen to Sif, Noble Tom Prosser to Freyja, Noble Mick O’Brien to Forseti, Noble Resolute to Bestla, and Noble Resilient to Joro.
Jan 29, 2026, 11:21 AM
Borr Drilling completes acquisition of five jack-up rigs
BORR
M&A
New Projects/Investments
  • Borr Drilling Limited completed the acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million.
  • This acquisition increases Borr Drilling's fleet to 29 rigs, solidifying its position as the leading pure-play owner of premium jack-up rigs.
  • Borr Drilling's CEO, Bruno Morand, commented that the expansion occurred at an opportune point in the market cycle and that the acquired rigs provide well-suited capacity for near-term opportunities.
Jan 28, 2026, 10:42 PM
Borr Drilling Announces New Rig Contract Commitments
BORR
New Projects/Investments
  • Borr Drilling Limited announced new contract commitments for two of its premium jack-up rigs.
  • The Ran rig received a one-well extension with ENI in Mexico, extending its firm contract through March 2026 for an anticipated 75 days.
  • The Odin rig secured a contract for two wells plus an optional well in the United States, expected to commence mid-2026 with an estimated duration of 60 days per well.
  • This new commitment for the Odin rig activated a six-month optional period with Cantium, starting in January 2027.
Jan 6, 2026, 2:57 PM
Borr Drilling Announces New Rig Contract Commitments
BORR
New Projects/Investments
  • Borr Drilling Limited has announced new contract commitments for two of its premium jack-up rigs, the Ran and the Odin.
  • The Ran rig received a one-well extension with ENI in Mexico, with an anticipated duration of 75 days, extending its firm contract through March 2026.
  • The Odin rig secured a contract for two wells plus an optional well with an undisclosed operator in the United States, expected to commence mid-2026 with an estimated duration of 60 days per well.
  • This new firm commitment for the Odin also activated a six-month optional period with Cantium, commencing in January 2027.
Jan 6, 2026, 8:27 AM
Borr Drilling Announces Settlement of Common Share Offering
BORR
New Projects/Investments
Debt Issuance
  • Borr Drilling Limited settled a public offering of 21 million common shares at a price of $4.00 per share, resulting in total gross proceeds of $84 million on December 10, 2025.
  • The company intends to use these proceeds, combined with funds from a priced debt offering and seller financing, primarily for the acquisition of five premium jack-up rigs.
  • The proceeds will also be allocated to general corporate purposes, which may include debt service, capital expenditures, funding of working capital, and potential mergers and acquisitions.
Dec 10, 2025, 4:29 PM
Borr Drilling Settles Common Share Offering and Announces Funding for Rig Acquisition
BORR
Debt Issuance
New Projects/Investments
  • Borr Drilling Limited announced the settlement of its public offering of 21 million common shares at a price of $4.00 per share, resulting in total gross proceeds of $84 million on December 10, 2025.
  • The company plans to use these proceeds, along with funds from a concurrent debt offering of $150,000,000 aggregate principal amount of 10.375% Senior Secured Notes due 2030, seller financing, and available cash, to fund the acquisition of five premium jack-up rigs and for general corporate purposes.
Dec 10, 2025, 3:42 PM
Borr Drilling Announces Pricing of Additional Senior Secured Notes Offering
BORR
Debt Issuance
New Projects/Investments
  • Borr Drilling Limited's wholly owned subsidiary, Borr IHC Limited, and certain other subsidiaries, priced an offering of additional 10.375% senior secured notes due 2030.
  • The offering generated gross proceeds of approximately $165 million.
  • The company plans to use the proceeds primarily for the acquisition of five premium jack-up rigs and for general corporate purposes.
  • Settlement of the Additional Notes is expected on or about December 19, 2025.
Dec 9, 2025, 7:57 PM
Borr Drilling Prices Public Offering and Plans Dual Listing
BORR
Debt Issuance
New Projects/Investments
Delisting/Listing Issues
  • Borr Drilling Limited priced a public offering of 21 million common shares at $4.00 per share, resulting in $84 million in total gross proceeds.
  • The company intends to use these proceeds, combined with funds from a concurrent debt offering, seller financing, and available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes.
  • Borr Drilling has initiated the process to list its shares on Euronext Growth Oslo, with trading anticipated to begin on December 19, 2025, which will lead to a dual listing on the OSE and NYSE.
Dec 9, 2025, 7:48 PM
Borr Drilling Prices Additional Senior Secured Notes Offering
BORR
Debt Issuance
New Projects/Investments
M&A
  • Borr Drilling Limited announced the pricing of an offering of additional 10.375% senior secured notes due 2030.
  • The offering generated gross proceeds of approximately $165 million.
  • The proceeds are intended to fund the acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, working capital, and potential mergers and acquisitions.
  • Settlement of the Additional Notes is expected on or about December 19, 2025.
Dec 9, 2025, 7:40 PM
Borr Drilling Prices Public Offering of Common Shares
BORR
Debt Issuance
New Projects/Investments
Delisting/Listing Issues
  • Borr Drilling Limited priced an equity offering of 21 million common shares at $4.00 per share, generating $84 million in gross proceeds.
  • The proceeds, along with a concurrent debt offering and other financing, are intended for the potential acquisition of five premium jack-up rigs and general corporate purposes.
  • The company's shares are expected to begin trading on the Euronext Growth Oslo on December 19, 2025, as a first step towards a re-listing on the Oslo Stock Exchange, leading to a dual listing with the NYSE.
Dec 9, 2025, 1:25 PM