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Refinancing of Borr Drilling requires new equity injection

Refinancing of Borr Drilling requires an additional equity injection and loan extensions. The embattled drilling firm hopes to land an overall financing solution later in July.

Photo: PR/Transocean

Embattled company Borr Drilling, which was founded by Tor Olav Trøim as a venture on the rig market, needs a new equity injection and an extension to its loans.

This is evident from an update issued by the company Thursday.

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