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Borr Drilling Completes Redemption of Remaining Outstanding Notes Due 2028, 2030
Borr Drilling (BORR.OL) said Monday that it completed the redemption of all remaining outstanding notes due 2028 and 2030 following tender offers.The drilling contractor received valid and unrevoked tenders of notes amounting to 95.95% of the outstanding 10% senior secured notes due 2028 and 91.21% of the 10.375% senior unsecured notes due 2030. The company noted that it was able to redeem the remaining notes after receiving valid tenders exceeding 90% of the aggregate principal amount of both series of notes.The company financed the redemptions using proceeds from its recently completed offerings of $1.1 billion worth of 8.750% senior secured notes due 2032 and $935 million worth of 9% notes due 2034.
$BORR.OL
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Gulfport Energy Expands Ohio Utica Acreage With $83 Million Acquisition
Gulfport Energy Corp (GPOR) has acquired roughly 4,700 net undeveloped acres in Ohio's Utica region for about $83 million, expanding its gas inventory in the area, the company said Monday.The acquisition, completed through the Ohio Oil and Gas Land Management Commission State Land Lease Sale, adds 16 drilling locations in its portfolio, with development expected to begin in 2027.
$GPOR
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Eidesvik Offshore to Provide Platform Supply Vessels Under New Deal with Aker BP
Offshore vessel operator Eidesvik Offshore (EIOF.OL) will deploy its platform supply vessels under a frame agreement with oil and gas company Aker BP (AKRBP.OL).The agreement runs for four years and can be extended by two additional two-year periods. Under the deal, Eidesvik received a three-year firm contract with additional extension options for the PSV Viking Prince.The companies first established a strategic collaboration in 2019.
$AKRBP.OL$EIOF.OL