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Tor Olav Trøim injects more capital into Borr Drilling with share purchase

Borr Drilling continues its hunt for cash with a new share emission to, among others, its majority owner Tor Olav Trøim. The company also sold a rig for scrapping last week. Creditor negotiations continue.

Tor Olav Trøim increases his stockholding in Borr Drilling, which is negotiating with its creditors. Photo: PR / Marine Money/Marine Money
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Borr Drilling has secured fresh capital with a new equity offering.

Friday morning, the rig company, which is controlled by Norwegian investor Tor Olav Trøim, carried out a small share emission to secure enough funds to safeguard the company through its current crisis.

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