Borregaard (BRG.OL) concluded the repurchase of up to 300,000 shares through a share buyback program set to run from May 11 to June 18.
The biorefinery operator bought back the shares at a weighted average price of 145.9759 Norwegian kroner apiece for a total consideration of 43.8 million kroner, according to a Thursday release.
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.
Borr Drilling (BORR.OL) on Thursday expanded its offer to repurchase its outstanding 10.375% senior secured notes due 2030 to the entire series from just $447.3 million of the principal amount.The drilling contractor's Borr IHC subsidiary issued the 2030 notes with the principal amount of $877.1 million. It is offering to acquire every $1,000 of the notes for $1,010 plus $50 for early tenders.The company intends to finance the redemption offer with proceeds from an issuance of at least $2.04 billion of new notes.Borr Drilling also has an ongoing offer to acquire all $1.13 billion of outstanding notes from Borr IHC's $1.38 billion issuance of 10% senior secured notes due 2028.
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