BORR DRILLING LIMITED – CONTEMPLATED EQUITY OFFERING OF USD 40 MILLION
Hamilton, Bermuda, 21 January 2021 With reference to the press release 19 January, Borr Drilling Limited (“Borr Drilling” or the “Company”) (NYSE and OSE: "BORR") has now received approvals from each of the creditors in connection with its liquidity improvement plan. The Company is working on definitive documentation to reflect these terms, expected to be concluded shortly. A presentation is attached to this release and available on the Company’s website. In connection with the liquidity improvement plan, the Company intends to offer up to USD 40 million in new depository receipts (