05/06/2020at 08:45

Borr Drilling settles rescue plan with creditors and yards

Rig operator Borr Drilling has reached an agreement with its lenders and yards, which ensures the company's operations until mid-2022. The deal includes postponement of the delivery of five rigs by two years.

Borr Drilling was established in 2016 by Norwegian investor Tor Olav Trøim. | Photo: PR / Marine Money/Marine Money

by NIKLAS KRIGSLUND

Strained rig operator Borr Drilling, which is hit hard by the collapse in the oil market, has now settled an agreement with its creditors.

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