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.

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