Borr Drilling has "reached agreements in principle with its largest creditors" in the form of Singapore-based shipbuilders – PPL and Keppel, according to Dagens Næringsliv – to refinance and defer debt payments totaling USD 1.4 billion by two years.
A statement issued by the debt-ridden drilling firm on Monday reveals that the payments due in 2023 will be postponed until 2025 under the agreement.
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