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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

Equities114d ago

Hunting PLC Q1 Order Book Falls

Hunting PLC (HTG.L) said Wednesday its sales order book for the first quarter declined year over year.The precision engineering company's sales order book for the three months ended March 31 was $365.3 million, compared with $439.3 million a year earlier.Meanwhile, the company expects "minimal" impact on its current year profitability from the Middle East conflict.

$HTG.L

Equities114d ago

Tasnee Flags Maintenance Delay at JV Plant Amid Global Supply Chain Disruptions

National Industrialization Co. (SASE:2060), d/b/a Tasnee, said Wednesday the scheduled maintenance at its ethylene and polyethylene plant was delayed due to global supply chain disruptions.The Saudi Arabia-listed petrochemical company will announce a revised start date in due course, adding that the financial impact of the shutdown will be reflected in its first and second-quarter earnings.Tasnee owns a 60% stake in the facility, which operates as a joint venture.

SASE:2060

Equities114d ago

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

Equities114d ago

OMV Denies Violating Austria's Fuel Price Reduction Measures

Austrian oil and gas company OMV (OMV.VI) denied breaking new fuel price reduction rules in Austria, Reuters reported Tuesday.Under the government's measures, petrol and diesel prices were to be cut by 0.05 euro per liter through a tax reduction. Partially state-owned OMV announced a reduction of 0.028 euro per liter for diesel, the report said.OMV told Reuters it is complying with the rules, noting that its calculation differs when accounting for fuel imported into Austria rather than refined locally.

Financial News · Live Terminal

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

Hunting PLC Q1 Order Book Falls

Tasnee Flags Maintenance Delay at JV Plant Amid Global Supply Chain Disruptions

Borr Drilling Plans $250 Million Senior Notes Offering

OMV Denies Violating Austria's Fuel Price Reduction Measures

Presidio Production Declares Pro Rata Special Cash Dividend of $0.10125 a Share; Payable May 18 to Shareholders of Record May 4

EQT Keeps Quarterly Dividend at $0.165 per Share, Payable June 1 to Shareholders of Record on May 6

Dolphin Drilling Signs Letter of Intent for Semi-submersible Rig

Sintana Energy Plans Listing on Namibia Securities Exchange

Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Capital One Adjusts Price Target on Devon Energy to $63 From $64, Maintains Overweight Rating

Deutsche Bank Adjusts Venture Global Price Target to $16 From $14, Maintains Buy Rating

Citigroup Adjusts Price Target on EOG Resources to $142 From $150, Maintains Neutral Rating

JPMorgan Adjusts Price Target on Diamondback Energy to $228 From $225, Maintains Overweight Rating

Berenberg Lowers Repsol Estimates, Price Target After Q1 Update

BP Expects Flat Q1 Output, Flags Higher Net Debt

Equinor Cuts Stake in Scatec

Wildcat Petroleum Renames as Wildcat Gold

Block Energy Executes Binding Framework Deal to Farm-Out Project III in Georgia

Beacon Energy's LNE IOM Buys More Shares in LNEnergy via Rights Offering

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

Hunting PLC Q1 Order Book Falls

Tasnee Flags Maintenance Delay at JV Plant Amid Global Supply Chain Disruptions

Borr Drilling Plans $250 Million Senior Notes Offering

OMV Denies Violating Austria's Fuel Price Reduction Measures

Presidio Production Declares Pro Rata Special Cash Dividend of $0.10125 a Share; Payable May 18 to Shareholders of Record May 4

EQT Keeps Quarterly Dividend at $0.165 per Share, Payable June 1 to Shareholders of Record on May 6

Dolphin Drilling Signs Letter of Intent for Semi-submersible Rig

Sintana Energy Plans Listing on Namibia Securities Exchange

Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Capital One Adjusts Price Target on Devon Energy to $63 From $64, Maintains Overweight Rating

Deutsche Bank Adjusts Venture Global Price Target to $16 From $14, Maintains Buy Rating

Citigroup Adjusts Price Target on EOG Resources to $142 From $150, Maintains Neutral Rating

JPMorgan Adjusts Price Target on Diamondback Energy to $228 From $225, Maintains Overweight Rating

Berenberg Lowers Repsol Estimates, Price Target After Q1 Update

BP Expects Flat Q1 Output, Flags Higher Net Debt

Equinor Cuts Stake in Scatec

Wildcat Petroleum Renames as Wildcat Gold

Block Energy Executes Binding Framework Deal to Farm-Out Project III in Georgia

Beacon Energy's LNE IOM Buys More Shares in LNEnergy via Rights Offering