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 reports developments tied to its international shallow-water drilling business and fleet of modern, high-specification jack-up rigs. Company news commonly covers rig contract awards and extensions, fleet operating status, regional deployment updates, dayrate and coverage commentary, and earnings-release schedules for its offshore oil and gas customers.
Updates also include shareholder meeting notices, annual report availability, and capital-structure actions such as convertible debt offerings or repurchases. Borr Drilling is incorporated in Bermuda and its common shares trade under BORR on the New York Stock Exchange and Euronext Growth Oslo.
Borr Drilling (NYSE:BORR) launched cash tender offers for its wholly owned subsidiary’s 10.000% notes due 2028 and a partial cash tender for 10.375% notes due 2030, alongside a consent solicitation to amend the indenture.
The company targets any-and-all 2028 notes and up to $447.3 million original principal of 2030 notes, funded by a planned $1.6 billion senior secured notes offering due 2032 and 2034 plus cash on hand.
Borr Drilling (NYSE:BORR) plans a private offering of $1.6 billion senior secured notes due 2032 and 2034 through subsidiaries. The notes will be guaranteed by Borr Drilling and certain subsidiaries and secured by most rigs and other assets.
Proceeds, plus cash, are expected to refinance 10.000% notes due 2028 and up to $447.3 million of 10.375% notes due 2030, and pay related fees. Pricing is expected around May 28, 2026; the concurrent tender offer settlement depends on successful pricing and settlement of the new notes. The notes will not be registered under the Securities Act of 1933.
Borr Drilling (NYSE:BORR) announced details for its first quarter 2026 results presentation, held via webcast and conference call on May 21, 2026 at 09:00 New York time (15:00 CEST).
Investors can access the live webcast, register for the call to receive dial-in details, or watch a replay. The Q1 2026 presentation is available as a downloadable PDF.
Borr Drilling (NYSE:BORR) reported unaudited Q1 2026 results with total operating revenues of $247.0 million, down 5% quarter-on-quarter, and a net loss of $29.0 million. Adjusted EBITDA was $88.5 million, down 16%.
The company acquired five jack-up rigs from Noble for $360 million and agreed to buy five more via a 50/50 joint venture for $287 million. It issued $300 million of 2033 convertible notes, mainly to repurchase 2028 bonds. Year-to-date, Borr Drilling secured 13 contract commitments totaling over 2,250 days and $274 million of Dayrate Equivalent Backlog, plus 772 days from the Noble acquisition. Technical utilization reached 99.4% and economic utilization 97.0%.
Borr Drilling (NYSE: BORR, OSE: BORR) will transfer its Oslo listing from Euronext Growth Oslo to the main market, Euronext Oslo Børs, effective May 21, 2026. The ticker BORR and ISIN BMG1466R1732 remain unchanged, and the Euronext Growth Oslo listing will cease.
A prospectus for the Euronext Oslo Børs listing was approved by the Norwegian Financial Supervisory Authority on May 20, 2026 and is available on Borr Drilling’s website. The company’s primary listing continues to be on the NYSE.
Borr Drilling (NYSE: BORR) held its 2026 Annual General Meeting on May 20, 2026, in Hamilton, Bermuda. Audited consolidated financial statements for the year ended December 31, 2025 were presented.
Shareholders approved a maximum of eight directors, re-elected nine directors, re-appointed PricewaterhouseCoopers as auditor, and set 2026 board fees up to US$1,600,000.
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.