Borr Drilling Limited Completed Conditions for Equity Raise

Source: www.gulfoilandgas.com 1/28/2022, Location: South America

Reference is made to Borr Drilling Limited's announcement 28 December 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "Offer Shares"), at a price of $2.25, raising gross proceeds of $30 million (the “Equity Offering”) related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards.

The Company has today met all the remaining conditions listed in its announcement on 28 December 2021 for the Equity Offering. The settlement of the Offer Shares is expected to be completed on 31 January 2022. The Offer Shares will be listed on the Oslo Stock Exchange (“OSE”) upon delivery. No Offer Shares will be offered or sold in transactions on the NYSE.


Bermuda >>  7/1/2022 - DHT Holdings, Inc. has during the second quarter purchased 2,826,771 of its own shares — equivalent to 1.7% of its outstanding shares — at an average ...
Canada >>  7/1/2022 - Osisko Development Corp. announces that, as part of the Company’s annual compensation review, the Board of Directors has authorized the grant of an ag...

Greece >>  7/1/2022 - Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that it has entered into an agreement ...
Iraq >>  7/1/2022 - Based on the initial statistics of the Iraqi Oil Marketing Company (SOMO), the Ministry of Oil has reported the total exports and revenues for the mon...

Monaco >>  7/1/2022 - Costamare Inc. has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Seri...
Monaco >>  7/1/2022 - Eneti Inc. announced that Scorpio Holdings Limited (“SHL”), a related party, has purchased 288,697 common shares of the Company at an average price of...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.