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OSLO, Norway, Feb. 25, 2021 /PRNewswire/ Borr Drilling Limited (NYSE: BORR) (OSE: BORR) will release its financial results for the fourth quarter 2020 on Friday, February 26, 2021.
A conference call and webcast will be held at 15:00 CET (9:00 AM New York Time). The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com.
In order to listen to the presentation, you may do one of the following:
a) Webcast
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HAMILTON, Bermuda, Jan. 21, 2021 /PRNewswire/ Borr Drilling Limited ( Borr Drilling or the Company ) (NYSE: BORR) (OSE: BORR) announces that in connection with Company s previously announced liquidity improvement plan, the Company intends to offer up to USD 40 million in new depository receipts (the Offer Shares ), representing the beneficial interests in the same number of the Company s underlying common shares, each with a par value of USD 0.05 (the Equity Offering ). The subscription price will be set through an accelerated bookbuilding process.
Certain investors have pre-committed to subscribe for Offer Shares in the Equity Offering in the full amount of USD 40 million. Members of the Company s Board of Directors (the Board ) and the Company s executive management have pre-committed for approximately USD 3 million.
Borr Drilling Limited
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OSLO, Norway, Jan. 19, 2021 /PRNewswire/ Borr Drilling Limited (the Company ) (NYSE and OSE: BORR ) is pleased to confirm that the liquidity improvement plan announced in December 2020 has received support from its creditors, including:
The $400m syndicated bank facilities maturity deferred to January 2023
The $195m Hayfin facility maturity deferred to January 2023
$760m PPL facilities maturity amended to May 2023, with interest payments deferred until March 2023, except $6m payment in 2021 and $12m in 2022 (estimated accumulated interest deferred is in excess of $110m, including the approximately $65m announced in May 2020)
The $272m Keppel newbuild delivery facilities for three delivered rigs all extended by one year (from five to six year financing) and interest deferred to the fourth anniversary of the drawdown of each loan. The Company will make payments to Keppel of $6m in 2021 and $12m in 2022