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Borr Drilling Launches $100M Public Offering Of ~50M Shares To Fund Corporate Needs, Including Debt And Capital Expenditures

Author: Benzinga Newsdesk | July 02, 2025 03:25pm

Borr Drilling Limited (the "Company") (NYSE:BORR) announces today its plans for a public offering seeking to raise $100 million in gross proceeds though an offering of approximately 50 million shares.

The Company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital.

DNB Carnegie, Clarksons Securities, Citigroup and Goldman Sachs & Co. LLC are joint bookrunners for the offering.

Posted In: BORR


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