Borr Drilling Limited (BDRILL) Announces Expiration of Tender Offer for Shares of Paragon Offshore Limited
HAMILTON, BERMUDA; HOUSTON, TEXAS, USA, 27 March, 2018 – Borr Drilling Limited (“Borr”) and Paragon Offshore Limited (“Paragon”) announced today that Borr’s previously announced tender offer (the “Offer”) to purchase all of the outstanding shares of Paragon (the “Shares”) has expired. The Offer was made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr (the “Tender Offer Agreement”). Computershare Trust Company, N.A., the depositary for the Offer has advised Borr that as of 6:00 PM Eastern time on Tuesday 27 March 2018, 4,987,754 Shares,