Welcome to our dedicated page for BORR DRILLING news (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on BORR DRILLING stock.
Borr Drilling Limited (NYSE: BORR) is an offshore shallow-water drilling contractor focused on premium jack-up rigs for oil and gas exploration and production customers. This news page aggregates company press releases and market updates so readers can follow how Borr Drilling’s contracting activity, fleet developments and financing decisions evolve over time.
Recent news highlights include contract extensions and new commitments for several of Borr Drilling’s premium jack-up rigs, such as Galar, Gersemi, Njord, Odin and Grid. Updates have covered multi-year extensions in Mexico, new work in the Gulf of America and Angola, and the impact of international sanctions on certain contracts. These announcements illustrate how the company manages utilization across its fleet and responds to changes in customer demand and regulatory conditions.
Investors can also track capital markets activity through Borr Drilling’s news. The company has announced public offerings of common shares and additional senior secured notes, with stated plans to use proceeds for the acquisition of five premium jack-up rigs from Noble Corporation and for general corporate purposes. News releases further describe steps toward dual listing on Euronext Growth Oslo and the Oslo Stock Exchange alongside its New York Stock Exchange listing.
In addition, quarterly results releases and fleet status reports provide insight into operating revenues, net income, Adjusted EBITDA, contract coverage and utilization across the premium jack-up fleet. Together, these items give context on Borr Drilling’s operational performance, contracting pipeline and financial position. Readers interested in BORR news can use this page to monitor contract awards, extensions, terminations, financing transactions and listing updates that shape the company’s outlook.
Borr Drilling (NYSE: BORR) will release Q1 2026 results after market close on May 20, 2026, with a related webcast and conference call at 09:00 New York time (15:00 CEST) on May 21, 2026. The earnings materials and replay will be available on the company's Investor Relations website.
Live access options include a webcast link and a registered conference call with dial‑in or "Call me" functionality; participants are encouraged to join 10 minutes early.
Borr Drilling (NYSE: BORR) completed a $300 million offering of convertible senior notes due May 1, 2033, including a $40 million overallotment. The Notes bear interest at 3.50% payable semi-annually beginning November 1, 2026, and are convertible at 125.0000 shares per $1,000 (≈ $8.00/share).
The company intends to use proceeds to repurchase its 2028 convertible bonds and for general corporate purposes, and agreed to repurchase $195.2 million aggregate principal of the 2028 bonds.
Borr Drilling (NYSE: BORR) priced $260 million of 3.50% convertible senior notes due 2033 with a 13-day $40 million overallotment option. The Notes convert at 125.0000 shares per $1,000 (≈ $8.00 per share), pay semiannual interest starting Nov 1, 2026, and mature May 1, 2033.
The company intends to use proceeds to repurchase its 2028 convertible bonds and for general corporate purposes; it agreed to repurchase $195.2 million principal of 2028 bonds for $224.5 million, including accrued interest.
Borr Drilling (NYSE: BORR) announced a proposed offering of $250 million aggregate principal amount of convertible senior notes due 2033, with an initial purchaser option for up to an additional $37.5 million.
The Notes will be senior, unsecured, pay interest semi-annually, and be convertible into common shares, cash, or a combination. The company intends to use net proceeds to repurchase existing convertible bonds due 2028 and for general corporate purposes. The offering targets qualified institutional buyers under Rule 144A and is not contingent on repurchasing any 2028 bonds. The company warned that hedged holders who unwind positions could materially affect trading volume and the share price, which may influence the effective conversion price.
Borr Drilling (NYSE:BORR) reported fleet operational updates and a new contract commitment on April 13, 2026. Four Middle East rigs are returning to service (Arabia III resumed late March; Groa and Arabia II expected in April; Forseti preparing to resume). Odin delayed for maintenance, now expected to start in April. Skald received a binding letter of award for a ~six-month campaign starting Q2 2026. Full-year 2026 contract coverage is 70% at an average dayrate of ~$134,000; H1 coverage 78% and H2 coverage 62%.
The company cited geopolitical disruption, elevated commodity prices, and stronger tender activity as drivers of near-term demand.
Borr Drilling (NYSE/Euronext Growth Oslo: BORR) announced its Annual General Meeting will be held on Wednesday, May 20, 2026. The Board fixed April 7, 2026 as the record date for shareholders entitled to vote.
Notice of AGM, Form of Proxy and the 2025 Annual Report on Form 20-F are available on the company website; shareholders can request a free hard copy via email or mail.
Borr Drilling (NYSE:BORR) announced new contract commitments and extensions for four premium jack-up rigs across West Africa, the Americas, Europe and Southeast Asia dated April 1, 2026.
Key items: Prospector 5 received a binding LOA for four wells (minimum 320 days + 220-day option) in Gabon starting Q3 2026; Ran extended six months with ENI in Mexico through September 2026; Joro extended ~two months through May 2026; Thor received a binding LOA for a two-well, ~100-day campaign in Vietnam starting July 2026.
Borr Drilling (NYSE: BORR) filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission on March 26, 2026, covering the year ended December 31, 2025.
The Annual Report is enclosed with the release, is available on the SEC website, and can be accessed in the Investor section of the company's website.
Borr Drilling (NYSE/Euronext: BORR) has scheduled its Annual General Meeting for Wednesday, May 20, 2026, with a record date for voting of April 7, 2026. Notice of Meeting and Form of Proxy will be distributed to shareholders and additional documents are available on the company website.
Questions may be directed to Magnus Vaaler, CFO at +44 1224 289208.
Borr Drilling (NYSE/Euronext: BORR) agreed to acquire five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million. The rigs will be acquired via a new 50/50 joint venture, BC Ventures Limited, with a long-term Mexican partner.
Financing includes a $237 million non-recourse seller's credit (2.5-year maturity) and $25 million cash contributions from each JV partner. Closing is expected in Q3 2026, subject to customary conditions and merger control approvals.