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Borr Drilling raises USD 400m to pay off debt

The drilling company has secured a new bond loan of USD 150m, which in combination with another recent credit facility will be used for resolving an existing loan due late May.

Photo: Statoil/AP/Ritzau Scanpix

by DANIEL LOGAN BERG-MUNCH

Borr Drilling lands additional capital for paying off a large bond loan due later in the year.

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