#Bermuda #Hamilton #common shares #NYSE #Borr Drilling

Borr Drilling Announces Completion of Second Public Offering

Borr Drilling Limited, a company listed on the NYSE, has officially confirmed the conclusion of its second and final settlement regarding its public offering of 50 million common shares. The announcement was made on August 7, 2025, indicating the shares were priced at $2.05 each, yielding a total gross revenue of $102.5 million. This significant financial move marks an important milestone for the company, bringing its outstanding share capital up by $2 million, resulting in a total capital stock of $28,622,486.60, which is distributed across 286,224,866 common shares, each with a nominal value of $0.10.

Offering Details

In this offering, a total of 50 million shares were issued, with 30 million shares released on July 7, 2025, and the remaining 20 million shares issued as of the recent date. The operation was supported by the expertise of DNB Carnegie, Clarksons Securities, Citigroup, and Goldman Sachs & Co. LLC, who acted as joint bookrunners for this transaction.

This public offering was conducted under an effective automatic shelf registration statement that Borr Drilling had previously filed with the Securities and Exchange Commission (SEC) on April 11, 2025. Investors and interested parties could access key documents regarding this offering through the SEC's EDGAR database on their official website. Additionally, the final prospectus supplement, along with the related prospectus, can be requested directly from DNB Markets, Inc., specifically through their Compliance Department.

Regulatory and Compliance Notes

It's important to note that this press release serves purely as an informational document and does not represent an offer to sell or a solicitation for an offer to purchase securities. Moreover, any sales of these securities in jurisdictions where such actions are illegal will not be conducted until proper registration or qualification has taken place under relevant securities laws.

Company’s Outlook

With this offering successfully closed, Borr Drilling Limited enhances its financial position, which could open doors for further investment opportunities and strategic expansion. The overall goal is to leverage these additional funds to support the company's growth strategies and service enhancements.

As the senior executives assess the implications of this successful capital raise, shareholders and market watchers will be keenly observing the company's forthcoming ventures and operational developments.

For additional inquiries regarding this announcement, stakeholders are encouraged to reach out to Magnus Vaaler, the Chief Financial Officer, at +44 1224 289208.

In summary, Borr Drilling Limited's decisive actions in the public offering space not only bolster its financial standing but also reflect its commitment to transparency and strategic growth in the competitive drilling sector.