new look casting Introduction In a previous article, I discussed Borr Drilling (NYSE:BORR), an intriguing company that owns and operates jackup drilling rigs for shallow-water operations. I emphasized the robust fundamentals of the jackup market and how Borr Drilling stands to benefit from the ongoing bull market. The recent surge in jackup rates is a result of various factors both on the demand and supply sides. On the demand side, the demand for shallow-water drilling is strong, particularly from NOCs in ...

HAMILTON, Bermuda, Feb. 27, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of an additional $200 million in aggregate principal amount of 10.000% senior secured notes due 2028 (the "Additional Notes"). The Additional Notes will have the same terms and conditions as the $1,025,000,000 aggregate principal amount of senior secured notes due 2028, which were issued on November 7, 2023 (the " ...

Borr Drilling Limited (NYSE:BORR) Q4 2023 Earnings Call Transcript February 22, 2024 9:00 AM ET Company Participants Patrick Schorn - CEO & Director Magnus Vaaler - Chief Financial Officer Bruno Morand - CCO Conference Call Participants Fredrik Stene - Clarksons Securities Greg Lewis - BTIG Michael Boam - Sona Asset Management Patrick Schorn Good morning, good afternoon, and thank you for participating in the Borr Drilling fourth quarter 2023 earnings call. I'm Patrick Schorn. And with me here today is Brun ...

HAMILTON, Bermuda, Feb. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the fourth quarter 2023 on Thursday, February 22, 2024.A conference call and webcast is scheduled for 15:00 CET (9:00 AM New York Time) and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report and presentation will be available from the Investor Relations section on www.borrdrilling.com.In order to listen to the presenta ...

HAMILTON, Bermuda, Feb. 12, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) is pleased to announce new contract commitments totaling 495 days and $82.2 million in contract revenue for three of its premium jack-up rigs, excluding mobilization and demobilization compensation. Firstly, BW Energy has extended the contract for the "Norve" by approximately two months through July 2024. The "Mist" has secured a contract extension from a subsidiary of Valeura Energy in Thailand. ...

Company Participants Magnus Vaaler - Chief Financial Officer Conference Call Participants Rishad Ahmed - Emso Asset Management Operator Patrick Schorn Dayrates have continued to appreciate as demonstrated by our latest previously announced fixtures for the Prospector 5, the Natt and the Idun. In addition, we are pleased to announce a 15 month extension for the Skald at a daily rate of $165,000 per day. The Ran and Hild have recently commenced their new contracts, bringing the operating fleet to 21 rigs. We ...

ADJUSTED EBITDA & AVERAGE OPERATING RIGS1 STRONG 2024 VISIBILITY AND ADDITIONAL UPSIDE Source: Company Data (Borr Drilling) as of August 17th 2023 1: Contract coverage shown including priced options as percentage. Average dayate shown both including and excluding priced options. Calculated dividing total contract backlog by backlog days, Backlog is including five rigs operating in Mexico under a JV on 100% basis and mobilization revenues ✓ Strong Q2 2023 with 45% Adj. EBITDA margin and an earnings fall thro ...

Borr Drilling Limited (NYSE:BORR) Q2 2023 Earnings Conference Call August 17, 2023 9:00 AM ET Company Participants Patrick Schorn - CEO Magnus Vaaler - CFO Bruno Morand - VP, Commercial Conference Call Participants Gregory Lewis - BTIG Fredrik Stene - Clarksons Securitie Operator Good day, and thank you for standing by. Welcome to the Borr Drilling Limited Second Quarter 2023 Results Presentation Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ prese ...

| --- | --- | |----------------------|------------| | | Maturities | | (In $ millions) | | | 2023 | 50.0 | | 2024 | 114.0 | | 2025 | 870.9 | | 2026 | 322.8 | | Thereafter | 250.0 | | Total principal debt | 1,607.7 | At June 30, 2023 the scheduled maturities of our debt were as follows: Set forth below is a summary of some of the key terms of our New Secured Facility with DNB Bank ASA ("DNB Facility"), our Unsecured Convertible Bonds due in 2028 and our Senior Secured Bonds due in 2026, which were issued, en ...

38.0 157.4 360-400 0 50 100 150 200 250 300 350 400 450 FY 2021 FY 2022 2023E Guidance $M Source: International Energy Agency UTILIZATION AT HIGH LEVELS OVER 30% OF FLEET BEYOND RETIREMENT AGE MASTER 24 Q1 2023 PRESENTATION May 23, 2023 MASTER This announcement includes forward looking statements. Forward looking statements are, typically, statements that do not reflect historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "shoul ...