Borr Drilling (BORR) Completes $84M Offering, S&P Downgrades to ‘B’

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 ...