Borr Drilling Limited filings document a foreign private issuer that reports current events on Form 6-K and annual information on Form 20-F. The disclosures cover its shallow-water offshore drilling business, jack-up rig contracts, fleet operating updates, earnings materials, and audited consolidated financial statements.
The filing record also includes shareholder meeting materials, proxy and voting matters, and capital-structure disclosures related to convertible senior notes and existing convertible bonds. These documents describe governance actions, security terms, financing uses, and material operational updates for the company’s worldwide drilling contractor business.
Borr Drilling Ltd director Tor Olav Troim filed an initial ownership report showing his equity stake in the company. The filing lists 25,122,941 Common Shares held indirectly through Drew Holding Ltd, which is wholly owned by Drew Trust where Troim is the beneficiary, and 27,322 Common Shares held directly.
The disclosure also notes 54,545 restricted share units (RSUs) that will vest in full on September 30, 2026, conditional on Troim continuing to serve as a director on the vesting date. This Form 3 establishes his baseline ownership position as an insider.
Borr Drilling Ltd director Alexandra Kate Blankenship has filed an initial ownership report showing her position in the company. The Form 3 lists direct beneficial ownership of 274,875 common shares. A footnote also discloses 54,545 restricted share units scheduled to vest on September 30, 2026, if she continues serving as a director.
Borr Drilling Ltd director Daniel Wayne Rabun has filed an initial statement of his ownership in the company. The filing shows he directly holds 49,878 Common Shares. A footnote also discloses 54,545 restricted stock units (RSUs) that are scheduled to vest in full on September 30, 2026, provided he continues serving as a director through that date.
Borr Drilling Ltd director Jeffrey Currie has filed an initial Form 3 reporting his beneficial ownership in the company. He reports direct ownership of 49,878 common shares. A footnote also discloses 54,545 restricted share units that are scheduled to vest in full on September 30, 2026, conditional on his continued board service.
Borr Drilling Ltd director Neil James Glass has filed an initial statement of beneficial ownership. The filing shows direct ownership of 215,002 common shares. A footnote also discloses 54,545 restricted share units that are scheduled to vest in full on September 30, 2026, if he continues serving as a director on that date.
Borr Drilling Ltd director and Company Secretary Yoon Mi Hong filed an initial ownership report on Form 3. This filing establishes Hong’s status as an officer and director of the company but does not list any share transactions or changes in ownership.
Borr Drilling Limited reported an operational update related to recent hostilities in the Arabian Gulf, where it has four jack-up rigs deployed across Saudi Arabia, the UAE and Qatar. As a precaution and in line with customer measures, the three rigs in Qatar and the UAE have been down manned since last week.
On March 7, 2026, the Arabia III rig was affected by an incident on a customer-operated platform, after which the rig was safely shut down and all personnel evacuated. The company states that all employees and crew in the region are accounted for and safe, operations are on standby until conditions allow safe resumption, and the four rigs remain under contract and insured.
Borr Drilling Limited reports mixed Q4 2025 results while closing out a strong year. Q4 total operating revenues were $259.4 million, down 6.4% from Q3, and Adjusted EBITDA was $105.2 million, a 22.6% sequential decline, leading to a small net loss of $1.0 million versus a prior-quarter profit.
For full-year 2025, Adjusted EBITDA reached $470 million, at the top of the company’s guided range. Liquidity at Q4 stood at $613 million, combining $379.7 million of cash and cash equivalents with $234 million of revolving credit capacity, alongside annual debt amortization of $144 million.
The fleet totals 29 modern jack-up rigs, with 25 active, and 2025 contract coverage of 85% based on Dayrate Equivalent Backlog. The company completed a five-rig acquisition for $174 million after year-end and sees a constructive market outlook expected to support utilization and dayrates into 2027.
Borr Drilling Limited reported a weak but cash-generative fourth quarter of 2025 while expanding its jack-up fleet and contract coverage. Q4 operating revenues were $259.4 million, down 6% from Q3, and the company moved from $27.8 million net income to a $1.0 million net loss as operating expenses rose.
Adjusted EBITDA was $105.2 million for the quarter and $470.1 million for 2025, at the top end of guidance, supported by high technical and economic utilization of 98.8% and 97.8%. Year-end cash and cash equivalents reached $379.7 million, with total liquidity of $613.7 million including undrawn credit lines.
Borr completed a $360 million acquisition of five premium jack-up rigs from Noble, funded with new senior secured notes, a $150 million seller’s credit and $84.0 million in equity, increasing principal debt to $2,210.0 million. The fleet now totals 29 modern rigs, with 25 contracted or committed and Dayrate Equivalent Backlog rising to $1.20 billion, although management highlights industry cyclicality, high leverage and customer credit risk, including exposure to Lime Petroleum Holding’s ongoing financial review.
Borr Drilling Limited reported that Drew Holdings Ltd. beneficially owns 25,122,941 common shares, representing 8.2% of the company’s outstanding common stock. Drew Holdings has sole power to vote and dispose of all these shares, with no shared voting or dispositive power.
The shares are owned by Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary Bermuda trust in which Mr. Tor Olav Troim is the beneficiary, so the stake may be deemed beneficially owned by him. The filing is an Amendment No. 3 to a Schedule 13G, reflecting ownership as of December 31, 2025.