FINWIRES · TerminalLIVE
FINWIRES

Borr Drilling Units Prices $2 Billion Senior Notes Offering

By

Borr Drilling (BORR.OL) units Borr IHC and Borr Finance priced an offering of senior secured notes worth $2.04 billion, according to a Thursday release.

The offering comprises $1.10 billion of 8.750% senior secured notes due 2032 and an $935 million of 9% of senior secured notes due 2034, which were upsized by $435 million. Settlement is expected by June 10, 2026, subject to customary closing conditions.

The drilling contractor added that proceeds from the offering will be used to redeem or refinance $1.13 billion of outstanding 10% senior secured notes due 2028, $770.7 million of outstanding 10.375% senior secured notes due 2030, for general corporate purposes, and to cover the fees and expenses of the offering.

Related Articles

Equities

Market Chatter: Canada Reportedly Strikes LNG Supply Deal with Germany's SEFE

Canada reportedly reached a deal to supply German energy company SEFE with as much as 1 million metric tons of liquefied natural gas annually.The LNG will be supplied from the planned CA$10 billion Ksi Lisims project in British Columbia, Bloomberg News reported Tuesday, citing people familiar with the matter.A deal could be announced by the Canadian Minister of Energy and Natural Resources Tim Hodgson on Wednesday, the report added.SEFE, Canada's Natural Resources Ministry, and Ksi Lisims LNG did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^SXXP
Equities

SOLV Energy Reports Public Offering of Class A Shares

SOLV Energy (MWH) said late Tuesday it has launched a public offering of 14 million Class A shares, including almost 7.2 million shares offered by affiliates of American Securities and some 6.8 million shares offered by the company.The selling stockholders and SOLV plan to grant underwriters a 30-day option to purchase up to about 1.1 million and 1.0 million additional shares, respectively, the firm said.The company said it plans to use the net proceeds to buy limited liability company interests in SOLV from existing holders, including affiliates of American Securities and some directors.Shares were down over 5% in after-hours activity.

$MWH
Equities

PBF Energy Prices $500 Million Notes Offering

PBF Energy (PBF) has priced $500 million of 7.25% senior notes due 2034 in a private offering, the company said late Tuesday.The notes will be co-issued with PBF Energy's subsidiary PBF Holding, the company said, adding that PBF Holding intends to use the net proceeds from the offering to fund the redemption in full of its outstanding 6% senior notes due 2028.The offering is slated to close on Thursday, the company added.Shares of the company were up 1.1% in after-hours activity.

$PBF