Borr Drilling Limited Announces Preliminary Results for the Second Quarter of 2020
Hamilton, Bermuda, August 28, 2020: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) (NYSE: “BORR”, OSE: “BDRILL”) announces unaudited results for the three and six months ended June 30, 2020. Highlights in the Second Quarter of 2020 · Total operating revenues of $84.0 million, net loss of $109.6 million and Adjusted EBITDA* of $(1.9) million for the second quarter of 2020. The adjusted EBITDA includes approximately $12 million of non-recurring costs related to the agreements reached with the Company's creditors in June 2020 · The combined Adjusted EBITDA of the