ShippingWatch

Borr Drilling extends equity offering deadline

Crisis-stricken rig operator Borr Drilling extends the deadline for its million-dollar equity offering. The company is in negotiations with its lenders.

Photo: PR/Transocean

Borr Drilling originally intended to finalize its equity offering this morning.

The strained drilling company, founded by Tor Olav Trøim in 2016, is, however, forced to extend the application deadline in a targeted equity emission that aims to raise between USD 40 and 50 million in new equity.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs