Borr Drilling Limited – Conditions for equity raise completed
Hamilton, Bermuda, 28 January 2022 Reference is made to Borr Drilling Limited's (the "Company") (NYSE and OSE: “BORR”) announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the “Equity Offering”) related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. The Company has today met all the remaining conditions listed in its announcement on 28 December 2021