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Borr Drilling Ltd - BORR STOCK NEWS

Welcome to our dedicated news page for Borr Drilling (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on Borr Drilling.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Borr Drilling's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Borr Drilling's position in the market.

News
Borr Drilling Limited - Notice of Special General Meeting of Shareholders
Rhea-AI Summary
Borr Drilling Limited (BORR) to hold a Special General Meeting on December 22nd, 2023 to approve a reduction of the Company's Share Premium account and enable dividend payments to shareholders. The Board of Directors has fixed the record date for determination of the shareholders entitled to attend and vote at the Special General Meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
-
News
Borr Drilling Limited Announces Third Quarter and Nine Months 2023 Results
Rhea-AI Summary
Borr Drilling Limited (Borr) announces unaudited results for Q3 and nine months ended September 30, 2023. Total operating revenues increased by 2% to $191.5 million, while net income decreased to $0.3 million. Adjusted EBITDA rose by 5% to $88.2 million. The company issued $1,540 million of senior secured notes, conducted a private placement of new shares, and intends to implement a regular quarterly dividend. CEO Patrick Schorn highlighted strong operational performance, improved backlog quality, and positive developments in market utilization and dayrates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
none
-
News
Borr Drilling Limited - Invitation to webcast and conference call Q3 2023 results
Rhea-AI Summary
Borr Drilling Limited (NYSE: BORR) plans to release its financial results for the third quarter 2023 on November 16, 2023, with a scheduled conference call and webcast. Participants can access the earnings report and presentation from the Investor Relations section on www.borrdrilling.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.58%
Tags
conferences earnings
News
Borr Drilling Limited - PDMR notification
Rhea-AI Summary
Borr Drilling Limited announces private placement of new shares and ownership changes
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
-
News
Borr Drilling Limited - capital increase in the Registry of Members
Rhea-AI Summary
Borr Drilling Limited announces a capital increase in the registry of members following a private placement with gross proceeds of $50 million. The issued share capital is increased by $752,283.80 to $26,408,039.10, divided into 264,080,391 shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
Tags
none
-
News
Borr Drilling Limited Announces Pricing of Senior Secured Notes
Rhea-AI Summary
Borr Drilling Limited announces pricing of $1,540,000,000 senior secured notes offering
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
none
News
Borr Drilling Limited - Contemplated Private Placement of USD 50 million
Rhea-AI Summary
Borr Drilling is planning a refinancing of its secured debt and a private placement of new shares. The private placement is fully covered based on indications of interest from existing shareholders. The net proceeds will be used for debt refinancing and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
none
-
News
Borr Drilling Limited Announces Launch of Senior Secured Notes Offering
Rhea-AI Summary
Borr Drilling announces plans to offer $1.5 billion in senior secured notes and a private placement of $50 million in shares
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
none
-
News
Borr Drilling Limited - Appointment of Directors to the Board
Rhea-AI Summary
Borr Drilling Limited appoints Jeffrey Currie and Patrick Schorn as Directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
management
News
Borr Drilling Limited - Contracting Update and Investor Presentation
Rhea-AI Summary
Borr Drilling provides contracting updates, including a new 24-month program for rig 'Idun' in Southeast Asia worth $124 million. Rig 'Arabia III' starts 5-year contract with Aramco ahead of schedule. Rig 'Hild' prepares for maiden contract in Mexico. Rig 'Gerd' to start contract in UAE earlier than expected.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
Tags
none
Stock BORR logo
Borr Drilling Ltd

NYSE:BORR

BORR Rankings

#2173 Ranked by Market Cap
#760 Ranked by Stock Gains
N/A Ranked by Dividends

BORR Stock Data

1.43B
358.04M
9.6%
68.73%
3.09%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
Bermuda
4 Burnaby Street

About BORR

borr drilling limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets. the industry is currently under significant stress, and we wish to establish a platform upon which we can capitalise on identified opportunities. by uniting record low asset prices with a capable operating organisation, we will take advantage of opportunities in a rapidly changing oil and gas industry. with our fleet of rigs we will deliver safe and high quality drilling operations to our customers.