Borr Drilling Limited – Update on Refinance
Hamilton, Bermuda 30 June 2022: Borr Drilling Limited (the “Company”) (NYSE and OSE: BORR) refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance and extend its 2023 maturities and complete such refinancing by 30 June 2022. Significant progress has been made in the negotiations with the target to put in place the right capital structure for the company going forward. A complete solution will require a further equity injection combined with debt repayments, extensions and concessions by the creditors resulting in a