Borr Drilling Limited - Announces successful placement of USD 250 million senior unsecured convertible bonds due 8 February 2028
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH, OR TO PERSONS IN ANY JURISDICTION TO WHOM, SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. Hamilton, Bermuda, 25 January 2023 Borr Drilling Limited (the “Company”) announces today the successful placement of senior unsecured convertible bonds due 2028 (the "Convertible Bonds") with a total size of USD 250 million (the "Offering"). The Convertible Bonds will have a fixed coupon of 5.00% payable semi-annually in arrear and a conversion premium of 32.