Borr Drilling settles large credit facility
Rig operator Borr Drilling has secured financing for its newbuild program with a new credit facility of USD 645 million. Despite a deficit in the first quarter, management is optimistic about the future.
Norwegian rig company Borr Drilling has settled a large credit facility as well as sold three rigs at a profit, according to the interim report from the company, controlled by investor Tor Olav Trøim.
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