/PRNewswire/ Please find enclosed the presentation of Borr Drilling Limited s fourth quarter 2020 results to be held on the webcast / conference call at.
Borr Drilling Limited - Q4 2020 Presentation prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Borr Drilling Limited
Share this article
Share this article
HAMILTON, Bermuda, Jan. 22, 2021 /PRNewswire/ Reference is made to Borr Drilling Limited s ( the Company ) (NYSE, OSE: BORR ) stock exchange announcements of January 22, 2021, relating to the pricing of the equity offering through the subscription and allocation of a total of 54,117,647 in new depository receipts (the Offer Shares ), representing the beneficial interests in the same number of the Company s underlying common shares, each at a subscription price of USD 0.85 per Offer Share (equivalent to NOK 7.1655 per Offer Share), raising gross proceeds of USD 46 million. The Offer Shares will be listed on Oslo Stock Exchange.
Borr Drilling Limited
Share this article
Share this article
HAMILTON, Bermuda, Jan. 21, 2021 /PRNewswire/ With reference to the press release 19 January, Borr Drilling Limited ( Borr Drilling or the Company ) (NYSE: BORR) (OSE: BORR) has now received approvals from each of the creditors in connection with the proposed liquidity improvement plan. The Company is working on definitive documentation to reflect these terms expected to be concluded shortly.
A presentation by the Company is attached to this release and available on the Company s website.
Forward looking statements
This announcement includes forward looking statements, which are statements that do not reflect historical facts and may be identified by words such as anticipate , believe , continue , estimate , expect , intends , may , should , will and similar expressions and include statements with respect to the agreement reached with creditors, that the company is working on definitive documentation to r
Borr Drilling Limited
Share this article
Share this article
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