Borr Drilling Announces Pricing of Public Offering of Common Shares

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].