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Borr Drilling Prices Offering Of 50M Common Shares At $2.05/Shr For Total Gross Proceeds Of $102.5M

Benzinga·07/03/2025 11:36:51
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Borr Drilling Limited (the "Company") (NYSE:BORR) announces today that it has priced its previously announced offering of 50 million common shares at a price of $2.05 per share for total gross proceeds of $102.5 million. 

The Company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital.