Welcome to our dedicated page for Borr Drilling news (Ticker: BORR), a resource for investors and traders seeking the latest updates and insights on Borr Drilling stock.
Borr Drilling Limited reports developments tied to its international shallow-water drilling business and fleet of modern, high-specification jack-up rigs. Company news commonly covers rig contract awards and extensions, fleet operating status, regional deployment updates, dayrate and coverage commentary, and earnings-release schedules for its offshore oil and gas customers.
Updates also include shareholder meeting notices, annual report availability, and capital-structure actions such as convertible debt offerings or repurchases. Borr Drilling is incorporated in Bermuda and its common shares trade under BORR on the New York Stock Exchange and Euronext Growth Oslo.
Borr Drilling (BORR) announced on September 16, 2026 that it has published a new investor presentation on its website in connection with Pareto Securities' 33rd Annual Energy Conference.
The presentation is available at www.borrdrilling.com for investors and other stakeholders.
Borr Drilling (BORR) reported operational progress and new jack-up rig contracts across the Americas, Southeast Asia and Europe as of September 15, 2026.
In the Americas, the Odin completed mobilization offshore Texas and, after acceptance testing, started its contract and began earning dayrate revenues on September 11, 2026. In Southeast Asia, the Idun secured a three-well contract in Vietnam with an undisclosed operator, expected to last about 130 days starting in the fourth quarter of 2026, directly following its current work. In Europe, ENI exercised a nine-month option on the Bestla, extending that contract to September 2027 and retaining an additional nine-month fixed price option. Borr Drilling is expected to take over operational management of the Bestla in the fourth quarter of 2026 after the existing bareboat charter ends.
Borr Drilling (BORR) has entered definitive agreements to divest its 51% equity stake in Mexican joint ventures Perfomex to its long-standing local partner, with closing expected in September 2026 subject to customary conditions.
After completion, the partner will become sole owner of Perfomex and assume responsibility for managing and operating the jack-up rigs Galar, Gersemi and Njord, which are on contract with PEMEX. Borr Drilling will retain ownership of the three rigs and continue participating in the underlying contracts via bareboat charters, with economics expected to remain largely unchanged. Njord is contracted through April 2028, while Galar and Gersemi are contracted through May 2030. The sale consideration is based on the estimated net book value of Borr Drilling’s equity interest in Perfomex as of July 31, 2026. The company expects the transaction to simplify its Mexican structure and create a more efficient platform for future growth alongside its BC Ventures joint venture.
Borr Drilling (NYSE: BORR, OSE: BORR) announced that it has filed its unaudited interim financial report on Form 6-K for the three and six months ended June 30, 2026, with the U.S. Securities and Exchange Commission. The filing is enclosed with the release and can be accessed via the SEC’s website and the Investor section of Borr Drilling’s website.
The company, an international shallow-water jack-up drilling contractor incorporated in Bermuda and listed in New York and Oslo, notes that the information is provided pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Borr Drilling (NYSE/OSE: BORR) reported unaudited Q2 2026 operating revenues of $232.3 million, down 6% sequentially, and a net loss of $241.4 million, versus a $29.0 million loss in Q1. The larger loss was mainly driven by a $176.3 million debt extinguishment charge linked to refinancing senior secured notes and convertible bonds.
Adjusted EBITDA fell 51% quarter-on-quarter to $43.8 million, impacted by higher Odin rig preparation costs, increased fuel and insurance expenses, and $10.8 million of credit losses from a former West African customer. According to Borr Drilling, it refinanced substantially all debt via $2,035 million of senior secured notes, $300 million of convertible notes and an upsized $250 million super senior revolving credit facility, extending maturities and lowering financing costs.
Year-to-date, the company has secured 21 contract commitments totaling about 4,350 days and $541 million of backlog. A 50/50 joint venture subsequently acquired five premium jack-up rigs for $287 million, with three already contracted.
Borr Drilling (NYSE: BORR) reported that BC Ventures, its 50/50 joint venture with its long-term Mexican well construction partner, has completed the previously announced acquisition of five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million.
According to Borr Drilling, BC Ventures acquired the rig-owning entities of two Friede & Goldman JU-2000E design rigs (Oberon and Titania FE) and three LeTourneau Super 116-C design rigs (Courageous, Defender, and Intrepid), all currently located in Mexico. The acquisition was financed through a $237 million non-recourse seller's credit and a $25 million cash contribution from each JV partner. The seller's credit matures in January 2029 and is secured by a first priority lien on the five rigs. This transaction increases Borr Drilling's owned and jointly-owned fleet to 34 rigs, strengthens its footprint in Mexico's shallow-water market, and is intended to support participation in growing demand for secure and diversified energy sources regionally and internationally.
Borr Drilling (NYSE: BORR) will release its Q2 2026 financial results, covering April 1 to June 30, after the NYSE close on Tuesday, August 11, 2026. A webcast and conference call will follow at 09:00 New York time (15:00 CEST) on Wednesday, August 12, 2026, with materials available in the Investor Relations section of the company’s website.
Borr Drilling (NYSE:BORR) completed its consent solicitation, tender offer and full redemption of its 10.000% senior secured notes due 2028 and 10.375% notes due 2030.
The company received consents on 94.11% of aggregate notes and used proceeds from new 2032 and 2034 senior secured notes to redeem all remaining outstanding notes on June 29, 2026.
Borr Drilling (NYSE: BORR) announced pricing terms for its cash tender offer and related consent solicitation for its senior secured notes.
For the 10.000% Notes due 2028, total consideration is $1,048.36 per $1,000 original principal, multiplied by a Factor of 0.81707317, including a $2.50 consent payment and early tender payment, excluding accrued interest.
Holders may tender 2028 and 10.375% 2030 Notes and deliver consents until 5:00 p.m. New York City time, June 24, 2026, unless extended or terminated. Completion remains subject to financing, supplemental indenture and other conditions, which the issuer may waive, amend or cause to terminate the offer.
Borr Drilling (NYSE: BORR) reported early tender results for its cash tender offer and consent solicitation for 10.000% 2028 and 10.375% 2030 senior secured notes. Holders representing 95.92% of 2028 notes and 90.56% of 2030 notes (93.84% combined) have tendered.
The issuer priced a $1.1 billion 8.750% 2032 and $935 million 9.000% 2034 senior secured notes offering, expected to close June 10, 2026. Early settlement of tendered notes is also set for June 10, 2026, with the offer expiring June 24, 2026, unless extended.