Borr Drilling Limited – Creditor Approval for Financing Plan
Borr Drilling Limited (the “Company”) (NYSE and OSE: “BORR”) is pleased to confirm that the liquidity improvement plan announced in December 2020 has received support from its creditors, including: · The $400m syndicated bank facilities maturity deferred to January 2023 · The $195m Hayfin facility maturity deferred to January 2023 · $760m PPL facilities maturity amended to May 2023, with interest payments deferred until March 2023, except $6m payment in 2021 and $12m in 2022 (estimated accumulated interest deferred is in excess of $110m, including the approximately $65m announced