Borr Drilling prices upsized USD 2.04 billion senior secured notes offering

• Borr Drilling priced USD 2.04 billion of senior secured notes, upsizing the deal by USD 435 million.
• Issuance split between USD 1.1 billion 8.75% senior secured notes due 2032, USD 935 million 9% senior secured notes due 2034.
• Proceeds earmarked to refinance USD 1.13 billion 10% senior secured notes due 2028, USD 770.7 million 10.375% senior secured notes due 2030.
• Notes guaranteed by the group, secured by most rigs and certain other assets; settlement expected around June 10.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borr Drilling Ltd. published the original content used to generate this news brief via Cision (Ref. ID: 20260528:BIT:8301:0) on May 28, 2026, and is solely responsible for the information contained therein.