FINWIRES · TerminalLIVE
FINWIRES

$BORR.OL

10 stories mentioning BORR.OL

Every FINWIRES story that references BORR.OL, newest first.

Equities

Borr Drilling Prices Offer for Early Redemption of 2028 Senior Notes

Borr Drilling (BORR.OL) priced an offering to redeem its Borr IHC subsidiary's outstanding 10% senior secured notes due 2028.The drilling contractor is offering to pay $1,048.36 for every $1,000 of the 2028 notes. At the time of the offer, $1.13 billion of the original issuance of $1.38 billion remained outstanding in the series. The offer will remain open until June 24.The group also has an ongoing offer to repurchase all of its outstanding 10.375% senior secured notes due 2030.

$BORR.OL
Equities

Borr Drilling Units Prices $2 Billion Senior Notes Offering

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.OL
Equities

Borr Drilling Offers to Redeem All Outstanding 2030 Notes

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.

$BORR.OL
Equities

Borr Drilling Launches Offer to Buy Back $1.58 Billion Senior Notes

Borr Drilling (BORR.OL) on Tuesday launched an offer to repurchase up to $1.58 billion of its outstanding senior secured notes.The drilling contractor is offering cash to acquire all $1.13 billion of outstanding notes from its Borr IHC unit's $1.38 billion issuance of 10% senior secured notes due 2028, and up to $447.3 million of outstanding notes from its $877.1 million issuance of 10.375% senior secured notes due 2030.The offer consideration for every $1,000 of the 2028 notes will factor 2% US Treasury Reference Security due Nov. 15, 2026, plus the fixed spread of 50 basis points and an additional $50 for early tenders. Meanwhile, the offer consideration for every $1,000 of the 2030 notes is equal to $1,010 plus $50 for early tenders. Delivery of the new notes is scheduled for June 10, 2026, with early settlement to follow the next day.Along with cash on hand, the company intends to use proceeds from its $1.6 billion offering of senior secured notes due 2032 and 2034 to help finance the redemption offer. Closing is expected on June 24, 2026.

$BORR.OL
Equities

Borr Drilling Plans $1.6 Billion Senior Secured Notes Offering

Borr Drilling's (BORR.OL) Borr IHC unit and its Borr Finance subsidiary are planning to launch an offer for a total of $1.60 billion of senior secured notes due 2032 and 2034, subject to market conditions.The drilling contractor will use the proceeds to repurchase, redeem, or refinance all its outstanding 10% senior secured notes due 2028, and up to $447.3 million of outstanding 10.375% senior secured notes due 2030, according to a Tuesday release.Pricing of the notes offering is expected by Thursday.

$BORR.OL
Equities

Borr Drilling Set to Transfer Listing to Euronext Oslo Børs

Borr Drilling (BORR.OL) is set to commence trading on the Euronext Oslo Børs on Thursday.The drilling contractor said in a same-day release that it has received approval for the transfer of its listing from the Euronext Growth Oslo. Its shares will be deregistered from the Euronext Growth Oslo and cease to trade on that bourse.

$BORR.OL
Equities

Borr Drilling Files to Shift Listing to Euronext Oslo Børs

Borr Drilling (BORR.OL) submitted an application to transfer its listing to the Euronext Oslo Børs from Euronext Growth Oslo.The Oslo bourse confirmed the receipt of the drilling contractor's application on Tuesday, according to a same-day notice.

$BORR.OL
Equities

Borr Drilling Wraps Up Offering of 2033 Convertible Notes

Borr Drilling (BORR.OL) sold a total of $300 million in its recently completed offering of unsecured convertible senior notes due May 1, 2033.The notes carry an interest of 3.50% per annum and are convertible into the drilling contractor's common shares, cash, or a combination of the two, according to a Friday release.Borr Drilling earmarked proceeds to buy back existing convertible bonds due 2028 and for general corporate needs.

$BORR.OL
Equities

Borr Drilling Prices Oversubscribed Offering of $260 Million Convertible Senior Notes

Borr Drilling (BORR.OL) priced a $260 million offering of 3.50% convertible senior notes due May 1, 2033, according to a Wednesday statement.The drilling contractor plans to use the proceeds to repurchase $195.2 million of its 2028 convertible bonds for $224.5 million, including accrued interest. Remaining proceeds will be used for general corporate expenditures.The drilling contractor also granted an overallotment option for up to $40 million. Completion of the offering is expected by Friday, subject to closing conditions.

$BORR.OL
Equities

Borr Drilling Plans $250 Million Senior Notes Offering

Borr Drilling (BORR.OL) said Tuesday it plans to offer $250 million of convertible senior notes due 2033 to qualified institutional buyers.The notes, which will pay interest semi-annually, can be converted into common shares or a mix of both stock and cash. Initial buyers will also be granted an overallotment option to buy up to an additional $37.5 million of the notes within 13 days.The drilling contractor will use the proceeds to repurchase existing convertible bonds due 2028, as well as for general corporate purposes.

$BORR.OL
BORR.OL News | FINWIRES