Borr Drilling Limited - Update on Refinance
Hamilton, Bermuda 14 July 2022: Borr Drilling Limited (the “Company”)(NYSE and OSE: BORR) refers to its communication of 30 June 2022 regarding the status of the negotiation with its secured creditors. The Company's board is pleased to announce that agreements in principle have been reached with most of the secured creditors to extend the majority of secured debt to 2025. These agreements are subject to the respective board’s approvals and binding documentation. The company is seeking the required consents and waiver extensions from lenders to complete the transaction. Once these agreements