Borr Drilling Limited (NYSE:BORR) is one of the best NYSE stocks under $5 to buy. On December 10, Borr Drilling Limited (NYSE:BORR) settled its public offering of 21 million common shares, which it priced at $4 each. The settlement delivered the full 84 million, and the company has earmarked the net proceeds for the rig purchase and general corporate needs. Borr Drilling (BORR) Completes $84M Offering, S&P Downgrades to ‘B’ In a separate update, on December 9, the company received a credit rating downgra ...

Group 1 - Borr Drilling Limited (NYSE:BORR) experienced a share price decline of 13.69% from December 10 to December 17, 2025, making it one of the worst-performing energy stocks during that week [1] - The company announced an equity offering of 21 million shares on December 8, aiming to raise $84 million in gross proceeds, with the offering priced at $4 per share [3] - Proceeds from the equity offering will be used to acquire five jackup rigs from Noble Corporation plc for $360 million and for general corporate purposes [3] Group 2 - The acquisition will be financed through $150 million in additional senior secured notes due 2030 and $150 million seller's credit due 2032, alongside the equity offering [4] - This acquisition is expected to close in Q1 2026 and will increase Borr's fleet size to 29 rigs [4] - CEO Bruno Morand stated that the acquisition represents a strategic and financial opportunity, with expectations for immediate accretion to Adjusted EBITDA and a reduction in debt per rig [4]

Core Insights - Borr Drilling Limited (BORR) has released its Q2 and Q3 2025 reports, prompting a reevaluation of the company's performance and potential [1]. Company Overview - Borr Drilling Limited is an oil drilling company that has been under analysis for its financial performance and growth prospects [1]. Investment Strategy - The investment strategy focuses on high-quality and growth companies, balancing between dividend-paying stocks and those with high growth potential but lower dividends [1].

Group 1 - The article focuses on Borr Drilling Limited (BORR) and its recent performance, particularly the release of Q2 and Q3 2025 reports [1] - The author emphasizes a balanced investment strategy that includes high-quality growth companies and dividend-paying stocks [1] - The author has eight years of experience in stock investing, indicating a preference for companies with potential for growth, even if they do not currently pay dividends [1] Group 2 - The article does not provide specific financial metrics or performance data for Borr Drilling Limited [1]

HAMILTON, Bermuda, Dec. 10, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (the "Company") announced today the settlement of its previously announced public offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a priced debt offering announced on December 9, 2025, seller financing and, if necessary, available cash, for the acquisi ...

Core Viewpoint - Borr Drilling Limited has announced the pricing of an offering of additional 10.375% senior secured notes due 2030, aiming for gross proceeds of approximately $165 million [1][2] Group 1: Offering Details - The additional notes will have the same terms and conditions as the existing senior secured notes due 2030 [1] - Settlement of the additional notes is expected on or about December 19, 2025, subject to customary closing conditions [2] Group 2: Use of Proceeds - Proceeds from the additional notes offering will be used for the acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, and funding of working capital [2]

Core Viewpoint - Borr Drilling Limited has successfully priced its offering of 21 million common shares at $4.00 per share, aiming for total gross proceeds of $84 million to fund acquisitions and corporate purposes [1][2]. Group 1: Equity Offering Details - The proceeds from the Equity Offering will be utilized for the potential acquisition of five premium jack-up rigs and for general corporate purposes, including debt service and capital expenditures [2]. - The delivery of the common shares is expected to occur on or around December 10, 2025 [2]. - The offering was conducted under an effective shelf registration statement filed with the SEC on April 11, 2025 [3]. Group 2: Listing and Trading Information - The company is in the process of listing its shares on Euronext Growth Oslo, with trading expected to begin on December 19, 2025 [4]. - After the re-listing, the company will be dual listed on the Oslo Stock Exchange and the NYSE, with the NYSE remaining the primary listing [5]. Group 3: Offering Management - DNB Carnegie, Inc. and Clarksons Securities AS are serving as joint global coordinators and bookrunners for the Equity Offering, with additional support from Citigroup Global Markets, Inc., Fearnley Securities AS, and Pareto Securities AS [2].

Core Viewpoint - Borr Drilling Limited plans to raise approximately $85 million through an equity offering of 21 million shares to fund the acquisition of five premium jack-up rigs and for general corporate purposes [1][2]. Group 1: Equity Offering Details - The equity offering is expected to generate gross proceeds of around $85 million through the sale of 21 million shares [1]. - Proceeds will be utilized for acquiring rigs, debt service, capital expenditures, working capital, and potential mergers and acquisitions [2]. - The offering will be conducted under an effective shelf registration statement filed with the SEC [4]. Group 2: Financial Partners and Management - DNB Carnegie, Inc. and Clarksons Securities AS are the joint global coordinators and bookrunners for the equity offering [3]. - Major shareholders, including directors Mr. Tor Olav Trøim and Mr. Thiago Mordehachvili, plan to subscribe for $10 million each through associated companies [5]. Group 3: Listing and Trading Information - The company is initiating the process to list its shares on Euronext Growth Oslo, with trading expected to begin on December 19, 2025 [6]. - Following the Oslo Stock Exchange re-listing, the company will be dual-listed on both the OSE and NYSE, with NYSE as the primary listing [7].

Core Viewpoint - Borr Drilling Limited has agreed to acquire five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million, which is expected to enhance its fleet and operational capabilities [1][5]. Acquisition Details - The acquisition includes three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, increasing Borr Drilling's fleet size from 24 to 29 rigs [1][2]. - Two of the acquired rigs will be chartered back to Noble Corporation on a bareboat basis for 12 months, providing earnings and cash flow certainty with expected total earnings of $29 million before debt service [3][5]. Financing Structure - The acquisition will be financed through an additional offering of $150 million of existing Senior Secured Notes, a $150 million seller's credit due in 2032, and an $85 million equity raise [4]. - The two rigs under bareboat charters will be included in the Senior Secured Notes' restricted group, while the remaining three rigs will be financed on a non-recourse basis [4]. Strategic Implications - The CEO of Borr Drilling emphasized that this acquisition represents a strategic and financial opportunity, expected to be immediately accretive to Adjusted EBITDA and reduce debt per rig [5]. - The expanded fleet is anticipated to deepen customer relationships and drive long-term value for shareholders [5]. Market Positioning - The acquisition is positioned to occur at a time when demand for jack-up rigs is showing signs of strengthening, enhancing Borr Drilling's competitive advantage in the market [5]. - The company is also initiating a process to list its shares on Euronext Growth Oslo, aiming for a dual listing on the Oslo Stock Exchange, driven by strong investor interest [6].

Core Viewpoint - Noble Corporation has signed definitive agreements to sell six jackup rigs, enhancing its focus on deepwater and ultra-harsh environment operations while improving its financial position [1][4]. Group 1: Transaction Details - The sale includes five rigs to Borr Drilling Limited for $360 million, comprising $210 million in cash and $150 million in seller notes [2]. - The seller notes will have a 6-year maturity, secured by a first lien on three of the jackups, and can be prepaid without penalty [2]. - A separate transaction involves the sale of one rig, the Noble Resolve, to Ocean Oilfield Drilling for $64 million, with closing expected in Q2 2026 [3]. Group 2: Financial Impact - The transactions are anticipated to be immediately accretive to Noble's shareholders based on trailing 2025 and expected 2026 EBITDA and Free Cash Flow [4]. - The agreements are expected to bolster Noble's balance sheet and sharpen its focus on established positions in the deepwater and ultra-harsh jackup segments [4]. Group 3: Company Background - Noble Corporation is a leading offshore drilling contractor with a modern and versatile fleet, engaged in contract drilling since 1921 [5]. - The company focuses on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide [5].