Welcome to our dedicated page for Borr Drilling SEC filings (Ticker: BORR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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 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.
Borr Drilling Limited has scheduled the release of its financial results for the fourth quarter of 2025 after the close of the New York Stock Exchange on February 18, 2026. The company will host a webcast and conference call at 09:00 New York time (15:00 CET) on February 19, 2026 to discuss the results.
The earnings report, webcast and presentation will be available in the Investor Relations section of the company’s website. Investors can join via a live webcast link or by registering for the conference call to receive personalized dial-in details, with a replay of the webcast available afterward.
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.
Borr Drilling Limited furnishes a Form 6-K mainly to attach and reference key documents related to its capital markets activities. The report incorporates this Form 6-K into the company’s existing shelf registration statement on Form F-3, meaning the included exhibits become part of the legal documentation that supports potential future securities offerings. The filing attaches an underwriting agreement dated December 9, 2025 with several investment banks, a legal opinion from Conyers Dill & Pearman Limited, and a press release dated December 10, 2025.
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.