Borr Drilling (NYSE: BORR) adds five premium jack-up rigs in $360M deal

Rhea-AI Filing Summary

Borr Drilling Limited has completed its previously announced acquisition of five premium jack-up drilling rigs from Noble Corporation for a total purchase price of $360 million. This transaction is now closed, meaning the rigs are fully added to Borr Drilling’s fleet.

With these rigs, the company’s fleet increases to 29 jack-up rigs, reinforcing its strategy as a pure-play owner focused on modern, high-specification shallow-water drilling units. Management highlights that the acquired rigs are highly compatible with the existing fleet and are seen as well suited for near-term customer opportunities in key offshore basins.

The acquired rigs will be renamed Sif, Freyja, Forseti, Bestla and Joro, and an updated Fleet Status Report reflecting these additions and other recent contracting changes accompanies this update. Borr Drilling emphasizes that it continues to own one of the youngest jack-up fleets with an international footprint serving the global offshore oil and gas industry.

Positive

• Strategic fleet expansion completed: Borr Drilling has closed a $360 million acquisition of five premium jack-up rigs from Noble Corporation, increasing its fleet to 29 rigs and reinforcing its position as a focused, modern shallow-water drilling contractor.

Negative

• None.

Insights

Offshore energy & capital allocation analyst

Borr Drilling expands jack-up fleet with a $360M, five-rig acquisition.

Borr Drilling has closed the purchase of five premium jack-up rigs from Noble Corporation for a total of $360 million, lifting its fleet to 29 rigs. Management describes the units as highly compatible with the existing portfolio and appropriate for near-term opportunities in key offshore basins.

The company positions itself as the leading pure-play owner of premium jack-up rigs with one of the youngest fleets and an international footprint. If market demand for shallow-water drilling remains supportive, the enlarged fleet can increase contractable capacity and potential future dayrate exposure, though actual utilization will depend on securing contracts.

An updated Fleet Status Report dated January 28, 2026 is provided to show how the new rigs and other recent contracting developments fit into the overall portfolio. The impact on leverage, cash flows, or earnings is not detailed here, so investors would need future disclosures to assess the full financial consequences of the $360 million outlay.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

January 29, 2026

Commission File Number 001-39007

Borr Drilling Limited

S. E. Pearman Building

2nd Floor 9 Par-la-Ville Road

Hamilton HM11

Bermuda

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Exhibits

99.1	Press Release
99.2	Borr Drilling Limited Fleet Status Report 28 January 2026

 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BORR DRILLING LIMITED
Date: January 29, 2026	By:	/s/ Mi Hong Yoon
	Name:	Mi Hong Yoon
	Title:	Director

Exhibit 99.1

Borr Drilling Completes Acquisition of Five Premium Jack-Up Rigs

Hamilton, Bermuda, January 28, 2026 – Borr Drilling Limited (NYSE and Euronext Growth Oslo: BORR) (“Borr Drilling” or the “Company”) today announced that it has completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million.

This acquisition increases Borr Drilling’s fleet to 29 rigs, strengthens our ability to serve customers across key offshore basins, and solidifies our position as the leading pure-play owner of premium jack-up rigs. Following this transaction, Borr Drilling continues to own the youngest jack-up rig fleet with an international footprint.

Borr Drilling’s Chief Executive Officer Bruno Morand commented, “We are pleased to have expanded our premium fleet at an opportune point in this market cycle. These five jack-up rigs are highly compatible with our existing portfolio and provide well-suited capacity for near-term opportunities. The Borr Drilling platform—built on operational excellence, customer centricity, and our premium jack-up rig fleet—remains our defining competitive advantage, and we believe this expansion will deepen customer relationships and drive attractive long-term value for shareholders.”

Rig Renaming

In connection with the acquisition, the five jack-up rigs are to be renamed as follows:

	Legacy Rig Name		New Rig Name
	Noble Regina Allen		Sif
	Noble Tom Prosser		Freyja
	Noble Mick O’Brien		Forseti
	Noble Resolute		Bestla
	Noble Resilient		Joro

Enclosed with this press release is an updated Fleet Status Report that incorporates the five acquired rigs and reflects other recent contracting developments.

About Borr Drilling

Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019 and on Euronext Growth Oslo since December 19, 2025 under the ticker "BORR". The Company owns and operates jack-up rigs of modern and high specification designs and provides services focused on the shallow-water segment to the offshore oil and gas industry worldwide. Please visit our website at www.borrdrilling.com.

Forward-Looking Statements

This press release and related discussions include forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements do not reflect historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will", "likely", "aim", "plan", "guidance" and similar expressions and include statements regarding potential opportunities, the suitability of our rigs for potential opportunities, potential value creation for certain stakeholders, and other non-historical statements. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors that could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to our ability to secure contract commitments, the performance of our rigs under contracts, and other risks and uncertainties, including those described in our annual report on Form 20-F for the year ended December 31, 2024 and our other filings with and submissions to the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208

FAQ

What transaction did Borr Drilling (BORR) complete in this 6-K filing?

Borr Drilling completed its previously announced acquisition of five premium jack-up rigs from Noble Corporation for a total purchase price of $360 million. The deal adds modern shallow-water drilling capacity to its fleet and supports its pure-play jack-up strategy.

How does the acquisition affect Borr Drilling (BORR)’s jack-up rig fleet size?

The acquisition increases Borr Drilling’s fleet to 29 jack-up rigs. Management emphasizes that the combined portfolio remains one of the youngest premium jack-up fleets with an international footprint, aimed at serving key shallow-water offshore oil and gas basins worldwide.

Which rigs did Borr Drilling (BORR) acquire and how are they being renamed?

Borr Drilling acquired five jack-up rigs previously named Noble Regina Allen, Noble Tom Prosser, Noble Mick O’Brien, Noble Resolute and Noble Resilient. They will be renamed Sif, Freyja, Forseti, Bestla and Joro, aligning them with Borr Drilling’s existing naming convention.

What strategic rationale did Borr Drilling (BORR) give for the $360 million rig acquisition?

Borr Drilling’s CEO said the company expanded its premium fleet at an opportune point in the market cycle. The five rigs are described as highly compatible and providing capacity for near-term opportunities, intended to deepen customer relationships and support long-term shareholder value.

What additional information accompanies Borr Drilling (BORR)’s 6-K about the rig acquisition?

Alongside the acquisition announcement, Borr Drilling released an updated Fleet Status Report dated January 28, 2026. It incorporates the five acquired rigs and reflects other recent contracting developments, giving a consolidated view of the company’s modern jack-up fleet deployment.

How does Borr Drilling (BORR) describe its competitive position after this acquisition?

Borr Drilling states it remains the leading pure-play owner of premium jack-up rigs with the youngest jack-up fleet and an international footprint. The company highlights operational excellence, customer centricity and its premium fleet as key elements of its competitive advantage in shallow-water offshore drilling.