Borr Drilling Limited (BDRILL) Announces First Quarter 2018 Results
Hamilton, Bermuda, May 31, 2018: Borr Drilling Limited (“Borr”, “Borr Drilling” or the “Company”) announces results for the first quarter of 2018, ending March 31. Highlights• Completed the acquisition of Paragon Offshore Limited (“Paragon”)• Completed equity offering of US$250 million at a subscription price of US$4.60 per share on March 23, 2018 to fund the Paragon acquisition• The “Norve” commenced operations for BW Energy Dussafu B.V. (“BW Energy”) in Gabon in January• Three newbuilds were delivered in the quarter, the “Gerd” and the “Gersemi” from PPL Shipyard Pte Ltd. (“PPL”