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 (NYSE: BORR) files reports and exhibits with the U.S. Securities and Exchange Commission as a foreign private issuer. This SEC filings page brings together the company’s Form 20-F annual report, Form 6-K current reports and related exhibits so investors can review official disclosures about its offshore shallow-water drilling business and premium jack-up rig fleet.
According to its unaudited interim financial report furnished on Form 6-K, Borr Drilling is an offshore shallow-water drilling contractor whose primary business is the ownership, contracting and operation of premium jack-up rigs for oil and gas exploration and production customers. The interim report provides management’s discussion and analysis, selected financial information, liquidity updates, details on revolving credit facilities, and operational and contract updates for rigs such as Galar, Grid, Gersemi, Vali, Odin and Hild.
Other Form 6-K filings incorporate press releases and transaction documents, including underwriting agreements for public offerings of common shares, legal opinions, and announcements of additional senior secured notes offerings. These filings describe how Borr Drilling plans to finance the acquisition of five premium jack-up rigs from Noble Corporation through a combination of additional notes, seller credit and equity issuance, as well as amendments to its super senior revolving credit facility and a new senior secured revolving credit facility.
On this page, users can access Borr Drilling’s quarterly financial updates, interim financial reports, and exhibits such as fleet status reports and earnings releases. Real-time updates from EDGAR are combined with AI-powered summaries that highlight key points from lengthy filings, helping readers quickly understand topics such as contract activity, liquidity, debt structure, risk factors and management changes. For those researching BORR, this page is a central source for reviewing the company’s regulatory history, capital markets transactions and operational disclosures.
Borr Drilling Limited has scheduled the release of its financial results for the first quarter of 2026 after the close of trading on the NYSE on May 20, 2026. These results relate to the company’s offshore drilling operations and overall performance for the period.
The company will host a conference call and webcast to discuss the Q1 2026 results at 09:00 New York time (15:00 CEST) on May 21, 2026. The earnings report, webcast, and presentation will be available through the Investor Relations section of its website, and investors can access the live event or a replay via the provided webcast and registration links.
Borr Drilling Limited has completed its previously announced offering of convertible senior notes due 2033, raising $300 million in aggregate principal amount. This total includes $40 million issued when initial purchasers fully exercised their over-allotment option.
The notes are senior, unsecured obligations maturing on May 1, 2033, bearing interest at 3.50% per annum, payable semi-annually starting November 1, 2026. They are convertible into common shares, cash, or a mix at the company’s election, at an initial conversion rate of 125.0000 common shares per $1,000 principal, equivalent to an initial conversion price of about $8.00 per share. This reflects a conversion premium of over 40% versus the $5.70 closing share price on April 14, 2026.
Borr Drilling plans to use the proceeds to repurchase its existing convertible bonds due 2028 and for general corporate purposes. It has agreed with certain holders to repurchase $195.2 million aggregate principal amount of the 2028 convertible bonds, effectively extending part of its debt maturity profile through the new 2033 notes.
Borr Drilling Ltd director Tor Olav Troim reported an indirect open-market purchase of 500,000 common shares of Borr Drilling at an average price of $5.5818 per share on April 16, 2026. The shares were acquired by Drew Holdings Ltd., which is wholly owned by Drew Trust, a non-discretionary trust in which Troim is the beneficiary.
After this transaction, Troim’s indirect holdings totaled 26,122,941 common shares, and his direct holdings were 81,867 common shares. The direct position includes 54,545 restricted stock units (RSUs) that vest in full on September 30, 2026, conditional on his continued service as a director.
Borr Drilling Limited has priced $260 million of 3.50% convertible senior notes due 2033, with an additional $40 million option for over-allotments. The notes pay 3.5% interest, are unsecured, and are convertible into Borr Drilling common shares, cash, or a mix at the company’s choice.
The initial conversion rate is 125.0000 shares per $1,000 principal, implying a conversion price of about $8.00 per share. Borr plans to use the proceeds primarily to repurchase its existing convertible bonds due 2028, including an agreed repurchase of $195.2 million principal for $224.5 million, and for general corporate purposes.
Borr Drilling Limited plans to raise $250 million through an offering of convertible senior notes due 2033 to qualified institutional buyers. The notes will be senior unsecured, pay interest semi‑annually, and can be converted into common shares, cash, or a combination at the company’s election.
Borr Drilling may also sell up to an extra $37.5 million of notes to cover over‑allotments and intends to use net proceeds mainly to repurchase its existing convertible bonds due 2028 and for general corporate purposes. Any repurchase of the 2028 bonds could prompt hedged holders to buy common shares or adjust derivatives, potentially affecting the share price around the time of pricing.
Borr Drilling Limited provided an operational update showing most of its jack-up fleet disruptions are easing and contract visibility for 2026 has improved. Arabia III has resumed work offshore Saudi Arabia, while Groa in Qatar and Arabia II in the UAE are expected to restart during April 2026. The Forseti, operated under a bareboat charter, is also being prepared to resume work in Qatar.
In the Gulf of America, the Odin’s start with Cantium was delayed by extra maintenance but is now expected to begin operations in April 2026. In Southeast Asia, the Skald received a binding letter of award for a six‑month campaign starting in the second quarter of 2026. Reflecting these developments, Borr Drilling reports contract coverage for full‑year 2026 of 70% at an average dayrate of about $134,000, with coverage of 78% for the first half and 62% for the second half of 2026.
Borr Drilling Limited has called its Annual General Meeting of Shareholders for May 20, 2026, to be held in Bermuda and via Microsoft Teams. Shareholders of record at the close of business on April 7, 2026, are entitled to receive notice, attend and vote.
The meeting will present the audited consolidated financial statements for the year ended December 31, 2025, and ask shareholders to set the maximum number of directors at eight, re-elect all eight current board members, re-appoint PricewaterhouseCoopers LLP as independent auditors, and approve total director fees of up to US$1,600,000 for 2026.
Borr Drilling Limited reported several new contract commitments and extensions for its premium jack-up rig fleet across multiple regions. In West Africa, the Prospector 5 received a binding letter of award from BW Energy in Gabon for four wells with a minimum duration of 320 days, expected to start in Q3 2026 after its current contract and special periodic survey, with options for up to 220 additional days.
In the Americas, the Ran secured a six‑month extension with ENI in Mexico, keeping the rig working through September 2026 for drilling and accommodation work. In Europe, the Joro received extensions totaling about two months, keeping it active through May 2026. In Southeast Asia, the Thor obtained a binding letter of award from an undisclosed operator in Vietnam for a two‑well, 100‑day campaign starting in July 2026, directly after its current commitment.
Borr Drilling Ltd director Thiago Mordehachvili has filed an amended initial ownership report showing substantial indirect exposure to the company through Granular Capital Ltd, a fund he founded and manages.
The filing lists 46,199,677 common shares held indirectly by Granular Capital Ltd. It also discloses a Contract for Difference, described as a long position referencing 2,000,000 underlying common shares, with an exercise price of $0.00 per share and no true maturity date, as it can be rolled over and closed at Granular Capital Ltd’s option.
A footnote further indicates 54,545 restricted stock units that are scheduled to vest in full on September 30, 2026, conditional on Mordehachvili continuing to serve as a director. Each RSU represents the right to receive one common share upon vesting.
Borr Drilling Limited files its Form 20-F, outlining its offshore jack-up drilling business, risk profile and 2025 performance framework. The company reports 307,215,419 common shares outstanding as of December 31, 2025 and discloses a contract backlog of about $962.9 million across 24 firm contracts.
Borr prepares U.S. GAAP financial statements and highlights non-GAAP Adjusted EBITDA as a key performance measure. The fleet increases to 29 rigs after acquiring five units in January 2026, with 22 contracted or committed rigs at year-end, underscoring leverage to cyclical shallow-water activity.
The filing emphasizes extensive risk factors: volatile oil and gas prices, industry oversupply, customer defaults and sanctions, Mexican joint venture liquidity exposure, significant upcoming debt maturities and restrictive covenants, climate and ESG pressures, cyber and AI-related risks, and the possibility that contract backlog and joint-venture revenues may not be fully realized.