Borr Drilling Limited - BORR STOCK NEWS

Borr Drilling Limited reported preliminary results for Q1 2021, revealing total operating revenues of $48.4 million and a net loss of $58.1 million. Adjusted EBITDA was $(10.6) million, improved to $(1.4) million with prior period revenue adjustments. The company raised $46 million through an equity offering in January and secured 17 contracts since January, representing $458 million in potential revenue. CEO Patrick Schorn highlighted a recovering market with an increased number of operating rigs and positive cash flows from joint ventures.

The Annual General Meeting (AGM) of Borr Drilling Limited will take place on June 24, 2021, in Bermuda. Shareholders will receive a Notice of AGM and Form of Proxy via standard distribution methods. The Company's Annual Report and associated information are accessible on the official website www.borrdrilling.com. This announcement complies with the disclosure requirements under the Norwegian Securities Trading Act.

Borr Drilling Limited (NYSE: BORR) has announced that its 2021 Annual General Meeting will take place on June 24, 2021. The record date for shareholder voting is set for May 10, 2021. Prior to the meeting, the notice, agenda, and related materials will be distributed to shareholders. This meeting provides a crucial opportunity for shareholders to engage in company governance and decision-making.

Borr Drilling Limited (NYSE: BORR) announced agreements adding up to USD 48 million to its backlog over approximately 590 days. The rig 'Natt' is set to operate in Nigeria starting April 2021 for about 150 days. The previously announced LOI for 'Prospector 1' has been converted into a contract for four wells with Neptune and a three-well contract with Tulip in the Netherlands. Furthermore, the rig 'Gunnlod' has secured an extension in Malaysia for eight additional wells, potentially keeping it active through September 2021.

Borr Drilling Limited announced its fourth quarter 2020 results presentation scheduled for February 26, 2021, at 15:00 CET (9:00 AM New York Time). Participants can join via a webcast or conference call using the provided access codes and dial-in numbers from various locations including Norway, the UK, and the US. A Q&A session will follow the presentation. The company provided a downloadable link for the presentation materials as well.

Borr Drilling Limited (NYSE: BORR) has regained compliance with the NYSE continued listing standards after the average stock price exceeded $1.00 per share for the 30-day period ending February 25, 2021. This follows a previous notice from NYSE regarding non-compliance due to the stock price falling below the required threshold. The confirmation of compliance is crucial for maintaining Borr's listing status on the NYSE, providing reassurance to investors after a period of uncertainty.

Borr Drilling Limited (NYSE: BORR) will announce its fourth quarter 2020 financial results on February 26, 2021. A conference call and webcast will take place at 15:00 CET (9:00 AM New York Time). Interested parties can access the earnings report and presentation via the Investor Relations section of the company's website.

Listeners can join the call using a conference ID of 317683. A Q&A session will follow the presentation, with a recording available until March 28, 2021.

Borr Drilling has announced an increase in its equity offering to USD 46 million due to high demand, up from the initially planned USD 40 million. The company will issue 54,117,647 new depository receipts at a subscription price of USD 0.85 each. Following this issuance, Borr Drilling's total share capital will rise by USD 2.7 million to USD 13.7 million, totaling 274,436,351 common shares. The expected settlement date for the Offer Shares is around January 26, 2021.

Borr Drilling Limited (NYSE: BORR) announced plans for a USD 40 million equity offering to enhance liquidity. The offering will involve new depository receipts linked to the company's common shares, with a subscription price determined via accelerated bookbuilding. Key investors have pre-committed to the full offering amount, including USD 3 million from the Board and executive management. Proceeds will fortify working capital and support corporate needs. Settlement is slated for January 26, 2021, pending regulatory approval. The offering is private and restricted outside the US.