Borr Drilling Raises $102.5M in Offering of 50 Million Common Shares.

Borr Drilling Limited has priced a $102.5 million offering of 50 million common shares at $2.05 per share. The company plans to use the proceeds for general corporate purposes, including debt service, capital expenditures, and working capital funding. Delivery of the shares is expected on or around July 7 and August 7, 2025, subject to a special general meeting to authorize the additional shares on August 6, 2025.