Borr Drilling Announces Public Offering of Common Shares

Key Takeaways:

• Borr Drilling aims to raise $100 million by issuing approximately 50 million common shares.
• Proceeds will support debt service, capital expenditures, and working capital.
• The offering is managed by DNB Carnegie, Clarksons Securities, Citigroup, and Goldman Sachs.
• An effective shelf registration statement was filed with the SEC on April 11, 2025.
• Offering details are available through official SEC channels.

Borr Drilling Announces Significant Public Offering

Borr Drilling Limited has unveiled plans for a substantial public offering, aiming to raise $100 million in gross proceeds through the issuance of approximately 50 million common shares. This strategic financial move is intended to bolster the company’s resources for general corporate purposes, including debt service, capital expenditures, and working capital needs.

Details of the Offering

The company plans to issue nearly 50 million shares to meet its $100 million fundraising target. This influx of capital is set to support essential corporate functions and enhance Borr Drilling’s operational capabilities within the energy sector.

Purpose of Fundraising

Proceeds from the offering will be allocated toward general corporate purposes. This includes servicing existing debt, funding capital expenditures for growth and maintenance, and providing additional working capital. The initiative reflects Borr Drilling’s commitment to strengthening its financial position and supporting ongoing projects.

Managed by Leading Financial Institutions

The offering is being jointly managed by prominent financial institutions: DNB Carnegie, Clarksons Securities, Citigroup, and Goldman Sachs & Co. LLC. The involvement of these established firms underscores the offering’s significance and the company’s confidence in a successful capital raise.

Regulatory Compliance and Investor Information

An effective shelf registration statement related to the offering was filed with the Securities and Exchange Commission (SEC) on April 11, 2025. The offering will be made solely by means of a prospectus and a related prospectus supplement.

Prospective investors are encouraged to review these documents for comprehensive information about Borr Drilling and the details of the offering. The prospectus supplement and accompanying prospectus can be accessed for free by visiting the SEC’s website at www.sec.gov .

Accessing Offering Documents

Alternatively, interested parties may obtain the preliminary prospectus supplement and accompanying prospectus by contacting DNB Markets, Inc. at 212-681-3800 or via email at compliance.marketsinc@dnb.no. This ensures that all potential investors have the necessary information to make informed decisions.

Conclusion

Borr Drilling’s significant public offering marks a pivotal moment for the company as it seeks to enhance its financial foundation and invest in future growth. By partnering with leading financial institutions and adhering to regulatory best practices, the company positions itself for continued success in the competitive energy market.