Borr Drilling Limited - Announces Pricing of Additional Senior Secured Notes Offering

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]