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 is issuing 21,000,000 common shares at $4.00 per share, raising gross proceeds of $84,000,000 and estimated net proceeds of about $80.9 million. The company plans to use these funds, together with $165 million of new 10.375% senior secured notes due 2030 and $150 million of seller financing, to pay the $360 million purchase price for five premium jack-up rigs from Noble Corporation and related fees, and for general corporate purposes.
The acquisition, expected to close in the first quarter of 2026, would expand Borr’s fleet from 24 to 29 modern jack-up rigs and add associated contracts, data, equipment and intellectual property. As of September 30, 2025, Total Contract Backlog (excluding joint ventures) was $991.4 million with an average dayrate of about $139,000, and Dayrate Equivalent Backlog was $1.3 billion as of November 5, 2025. On an as-adjusted basis as of September 30, 2025 (excluding the seller financing), total debt would be about $2.28 billion, and common shares outstanding would increase from 285,872,798 to 306,872,798, reflecting additional leverage and equity dilution.
Borr Drilling Limited plans a primary offering of 21,000,000 common shares on the NYSE under the symbol BORR. The company intends to use the equity proceeds together with a planned $150 million senior secured notes issue, a $150 million seller financing facility and, if needed, cash on hand to fund a $360 million acquisition of five premium jack-up drilling rigs and related assets. The acquisition, expected to close in the first quarter of 2026, would expand Borr’s modern jack-up fleet from 24 to 29 rigs and increase its exposure to shallow-water drilling markets. As of December 1, 2025, Borr had 285,872,798 common shares outstanding, which would rise to 306,872,798 shares if the offering is completed.
Borr Drilling Limited plans a primary offering of 21,000,000 common shares on the NYSE under the symbol BORR. The company intends to use the equity proceeds together with a planned $150 million senior secured notes issue, a $150 million seller financing facility and, if needed, cash on hand to fund a $360 million acquisition of five premium jack-up drilling rigs and related assets. The acquisition, expected to close in the first quarter of 2026, would expand Borr’s modern jack-up fleet from 24 to 29 rigs and increase its exposure to shallow-water drilling markets. As of December 1, 2025, Borr had 285,872,798 common shares outstanding, which would rise to 306,872,798 shares if the offering is completed.
AZVALOR ASSET MANAGEMENT SGIIC SA, a Spanish investment firm, has filed a Schedule 13G reporting a passive ownership stake in Borr Drilling Ltd. The firm reports beneficial ownership of 28,606,167 BORR DRILLING shares, representing 10.01% of the class. AZVALOR has sole power to vote and dispose of all these shares, with no shared voting or dispositive power.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Borr Drilling. The report is signed on behalf of AZVALOR by its CFO, Sergio Fernandez Pacheco.
Borr Drilling Limited furnished a Form 6-K with unaudited results for the nine months ended September 30, 2025 and updates on liquidity and operations.
Total operating revenues were $761.4 million (up $13.9 million), driven by higher average dayrates and more rigs in operation, partly offset by lower other revenue and fewer operating days on certain rigs. Operating income was $254.7 million and net income was $46.0 million. Adjusted EBITDA was $364.9 million.
Cash and cash equivalents were $227.8 million. Net cash from operating activities rose to $217.1 million, helped by working capital movements including approximately $122.8 million of cash settlements from Mexico operations. Total principal debt outstanding was $2,112.3 million, with $134.7 million maturing within 12 months. The company amended its super senior revolving credit facility to a $200.0 million RCF and added a new $34.0 million senior secured RCF; both were undrawn at period end.
In July–August, Borr issued 50,000,000 shares at $2.05 per share for gross proceeds of $102.5 million. Operationally, several Mexico rigs recommenced, while contracts for “Odin” and “Hild” were terminated following international sanctions affecting a counterparty.