HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Jul.2025, Words: 213) — Borr Drilling Limited priced its previously announced offering of 50 million common shares at a price of $2.05 per share. Total gross proceeds from the offering were $102.5mn.
The company plans to use said proceeds for general corporate purposes, which may include debt service, capital expenditures (capex) and funding of working capital, Borr announced on 3 Jul. 2025 in an official statement.
