Borr Drilling Limited (BDRILL) Announces Results for the First Quarter 2019
Hamilton, Bermuda, May 29, 2019: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces unaudited results for the three months ended March 31, 2019 Highlights in the first quarter 2019 · Operating revenues of $51.9 million, EBITDA of negative $15.3 million and net loss of $56.4 million for the first quarter of 2019 · Technical utilisation for the operating rigs was 99.1% in the first quarter of 2019 · Purchased a KFELS Super B Bigfoot jack-up newbuild, the “Thor”, from BOT Lease Co., Ltd. for a cash consideration of $122.1 million, financed by a $120