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 Limited reported total operating revenues of $484.3 million for the six months ended June 30, 2025, down 4% from the prior year, and net income of $18.2 million, a 61% decrease driven by lower revenues, higher depreciation and increased financial expenses. Adjusted EBITDA remained positive at $229.3 million, down 9% year-over-year.
The Company has a fleet of 24 premium jack-up rigs, recovered operations on several Mexico rigs after temporary suspensions and entered an LOI for combined accommodation and drilling work. Liquidity improved with operating cash flow of $145.0 million and a $102.5 million public equity raise in July 2025, while cash and equivalents were $92.4 million at June 30, 2025. Total principal debt outstanding was $2,112.3 million, with significant scheduled maturities in 2028 ($1,249.7 million), and financial expenses of $119.1 million for the period. Management announced a planned CEO succession and board changes, and the Company completed cancellation of treasury shares related to its share lending arrangement.
Capital International Investors reported beneficial ownership of 2,919,627 shares of Borr Drilling Ltd., representing 1.2% of the issuer's approximately 239,308,556 outstanding shares. The filing states CII has sole voting and sole dispositive power over these shares, indicating it controls voting and sale decisions for the full position.
The reported position includes holdings tied to 200,000 Corporate Convertible/Exchangeable Debts, which the filer says represent 28,828 common shares. The filer is described as a division of Capital Research and Management Company and is classified as an investment adviser (IA) organized in Delaware. The filing affirms the securities are held in the ordinary course of business and not for the purpose of changing control.