Borr Drilling Limited – Update on equity issuance settlement
Hamilton, Bermuda, 14 January 2022 Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: “BORR”) announcement 28 December 2021 about the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), raising gross proceeds of USD 30 million. As stated in the announcement, a condition for completion of the Equity Offering is board approvals by the Singaporean yards for amendments to and refinancing of the Company's financing arrangements with the yards. The Company is expecting the board decisions of the Singaporean yards in the