Borr Drilling (BORR) Fell This Week. Here is Why

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]