Borr Drilling Limited Announces Launch of Senior Secured Notes Offering
Hamilton, Bermuda, October 23, 2023. Borr Drilling Limited (the “Company”) (NYSE and OSE: BORR) announced today that its wholly owned subsidiary Borr IHC Limited, and certain other subsidiaries intend to offer, subject to market conditions, $1,500,000,000 in aggregate principal amount of senior secured notes due 2028 and 2030. The notes will be guaranteed by the Company and certain of its subsidiaries and will be secured on a senior basis on substantially all of the assets of the Company and certain subsidiary guarantors. In connection with the notes offering, the Company is