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Borr Drilling loses over USD 100 million in second quarter

Borr Drilling nearly doubled its bottom line deficit in the second quarter, reveals the company's financial report. The drilling company also secured a major credit facility in the quarter and presented the new price of its stock on the New York Stock Exchange.

Photo: Nick Oxford/Reuters/Ritzau Scanpix

The bottom line continued its descent in the second quarter at Bermuda-based Borr Drilling, which exits the quarter with a USD 103.2 million deficit.

This is almost a doubling compared to the deficit booked for the first quarter of the year, when the bottom line landed at negative USD 56.4 million, shows the company's interim report.

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