Borr Drilling Limited (BDRILL) – Purchase of Premium Jack-up Drilling Rig and Fleet Status Report
Borr Drilling Limited (“Borr” or the “Company”) is pleased to announce that it has completed the purchase and taken ownership of the jack-up newbuilding, Hull No. B378 (formerly named Hakuryu-15), for a total consideration of USD122 million from BOT Lease Co., Ltd. The original ordering price of the rig was approximately USD240 million. An important criteria for the transaction was a quick settlement before March 31, 2019 and the acquisition has been fully financed through an expedited establishment of a new secured financing facility arranged by two Nordic banks. The purchase of Hull