Borr Drilling Limited (BDRILL)

TekBot · juli 29, 2019, 11:32am

Borr Drilling Limited (BDRILL) Announces Launch of Initial Public Offering in the United States

Hamilton, Bermuda - July 29, 2019 - Borr Drilling Limited (the “Company” or
“Borr Drilling”) today announced that it has launched the initial public
offering in the United States (the “Offering”) of 5,000,000 of its common
…

Vis børsmeldingen

shares.

Borr Drilling will also grant the underwriters of the Offering a 30-day option
to purchase up to an additional 750,000 common shares at the initial public
offering price, less underwriting discounts and commissions. The Company expects
the initial public offering price will be substantially similar to the trading
price for its shares on the Oslo Børs. The initial public offering price will be
determined based on the book building process and the closing price of our
shares on the Oslo Børs on the pricing date of the Offering. The Offering will
not be conducted as a rights offering and no repair offer will be made as the
existing shareholders of the Company do not have any pre-emptive rights.

Borr Drilling’s common shares have been approved for listing on the New York
Stock Exchange under the ticker symbol “BORR”. Borr Drilling intends to use the
net proceeds received from the Offering for general corporate purposes, which
may include funding future mergers, acquisitions or investments in complementary
businesses, products or technologies; maintaining liquidity; repayment of
indebtedness; and funding working capital needs. Following listing on the New
York Stock Exchange, the common shares will continue to be listed under the
ticker “BDRILL” on the Oslo Børs.

Goldman Sachs & Co. LLC and DNB Markets, Inc. are acting as joint book-running
managers for the Offering. BTIG, LLC, Citigroup Global Markets Inc., Danske
Markets Inc. and Evercore Group L.L.C. are also acting as book-running managers
for the Offering.

The Offering will be made only by means of prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended. Copies of the
preliminary prospectus relating to the Offering, when available, may be obtained
from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York,
NY 10282, telephone: 1-866-471-2526 or by emailing [email protected]
or from DNB Markets, Inc., 200 Park Ave, Floor 31, New York, NY 10166,
telephone: 1-212-681-3800.

To obtain a copy of the prospectus free of charge, visit the SEC’s website,
www.sec.gov, and search under the registrant’s name, “Borr Drilling Limited.”

A registration statement relating to these securities has been filed with the
U.S. Securities and Exchange Commission, but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.

This announcement does not constitute an offer to subscribe to or a solicitation
of an offer to subscribe to securities in any member state within EEA in which
such offer or solicitation is unlawful, unless in reliance upon applicable EEA
prospectus exceptions, whereby no EEA prospectus, registration or similar action
would be required within EEA.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · juli 31, 2019, 5:17am

Borr Drilling Limited Announces Pricing of Initial Public Offering in the United States

Hamilton, Bermuda - July 31, 2019 - Borr Drilling Limited (NYSE: BORR, OSE:
BDRILL) (the “Company” or “Borr Drilling”) today announced the pricing of its
previously announced initial public offering in the United States of 5,000,000
…

Vis børsmeldingen

of its common shares (the “Offering”), at a price to the public of $9.30 per
common share (the “Offering Price”). Borr Drilling has also granted the
underwriters of the Offering a 30-day option to purchase up to an additional
750,000 common shares at the Offering Price, less underwriting discounts and
commissions. The Offering is expected to close on or about August 2, 2019,
subject to customary closing conditions.

Borr Drilling intends to use the net proceeds received from the Offering for
general corporate purposes, which may include funding future mergers,
acquisitions or investments in complementary businesses, products or
technologies; maintaining liquidity; repayment of indebtedness; and funding
working capital needs. The common shares will begin trading on the New York
Stock Exchange on July 31, 2019 under the ticker symbol “BORR” and will continue
to be listed under the ticker “BDRILL” on the Oslo Børs. The Offering was not
conducted as a rights offering and no repair offer was made as the existing
shareholders of the Company do not have any pre-emptive rights.

Goldman Sachs & Co. LLC and DNB Markets, Inc. are acting as joint book-running
managers for the Offering. BTIG, LLC, Citigroup Global Markets Inc., Danske
Markets Inc., Evercore Group L.L.C. and Fearnley Securities, Inc. are also
acting as book-running managers for the Offering.

The Offering is being made only by means of prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended. Copies of the
preliminary prospectus relating to the Offering may be obtained from Goldman
Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526 or by emailing [email protected] or from
DNB Markets, Inc., 200 Park Ave, Floor 31, New York, NY 10166, telephone: 1-212
-681-3800.

A registration statement relating to this Offering was declared effective by the
U.S. Securities and Exchange Commission on July 30, 2019. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

This announcement does not constitute an offer to subscribe to or a solicitation
of an offer to subscribe to securities in any member state within EEA in which
such offer or solicitation is unlawful, unless in reliance upon applicable EEA
prospectus exceptions, whereby no EEA prospectus, registration or similar action
would be required within EEA.

Contact details:

Svend Anton Maier: Chief Executive Officer, Borr Drilling Management,
+47 41427129

Rune Magnus Lundetræ: Chief Financial Officer, Borr Drilling Management
+47 90088411, [email protected]

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · august 2, 2019, 6:00am

Borr Drilling Announces Full Exercise of Underwriters’ Over-Allotment Option in U.S. Initial Public Offering

Hamilton, Bermuda - August 2, 2019 - Borr Drilling Limited (NYSE: BORR, OSE:
BDRILL) (the “Company” or “Borr Drilling”) today announced that the underwriters
of the Company’s previously announced U.S. initial public offering (the
…

Vis børsmeldingen

“Offering”) have exercised their over-allotment option in full to purchase an
additional 750,000 common shares at the IPO public offering price of $9.30 per
share, less underwriting discounts and commissions. As a result, the total
number of shares sold in the Offering was 5,750,000, with settlement of the
Offering, including the over-allotment shares, expected to occur today.
Goldman Sachs & Co. LLC and DNB Markets, Inc. are acting as joint book-running
managers for the Offering. BTIG, LLC, Citigroup Global Markets Inc., Danske
Markets Inc., Evercore Group L.L.C. and Fearnley Securities, Inc. are also
acting as book-running managers for the Offering.
Copies of the final prospectus relating to the Offering may be obtained from
Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY
10282, telephone: 1-866-471-2526 or by emailing [email protected] or
from DNB Markets, Inc., 200 Park Ave, Floor 31, New York, NY 10166, telephone: 1
-212-681-3800.

A registration statement relating to this Offering was declared effective by the
U.S. Securities and Exchange Commission on July 30, 2019. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

This announcement does not constitute an offer to subscribe to or a solicitation
of an offer to subscribe to securities in any member state within EEA in which
such offer or solicitation is unlawful, unless in reliance upon applicable EEA
prospectus exceptions, whereby no EEA prospectus, registration or similar action
would be required within EEA.

Contact details:

Svend Anton Maier: Chief Executive Officer, Borr Drilling Management,
+47 41427129

Rune Magnus Lundetræ: Chief Financial Officer, Borr Drilling Management
+47 90088411, [email protected]

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act

Kilde

TekBot · august 2, 2019, 7:12pm

Borr Drilling Limited - Share capital increase

Hamilton, Bermuda - 2 August 2019 - Reference is made to Borr Drilling Limited’s
(NYSE: BORR, OSE: BDRILL) (the “Company”) stock exchange notices relating to the
initial public offering in the United States of 5,000,000 of its common shares
…

Vis børsmeldingen

(the “Offering”), at a price to the public of $9.30 per common share (the
“Offering Price”), and full exercise of underwriters’ over-allotment option to
purchase up to an additional 750,000 common shares at the Offering Price, less
underwriting discounts and commissions.

The 5,750,000 new shares (the “Offer Shares”) allocated in the Offering have
today been validly issued, and will following delivery against payment be fully
paid. Following issuance of the Offer Shares, the Company will have a total
share capital of $5,613,903.25, divided into 112,278,065 common shares, each
with a nominal value of $0.05.

The Offer Shares will be delivered to the allocated subscribers in the Offering
on 2 August 2019 and are listed and tradable on NYSE under the ticker BORR with
CUSIP G1466R 207.

Copies of the final prospectus relating to the Offering may be obtained from
Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY
10282, telephone: 1-866-471-2526 or by emailing [email protected] or
from DNB Markets, Inc., 200 Park Ave, Floor 31, New York, NY 10166, telephone: 1
-212-681-3800.

A registration statement relating to this Offering was declared effective by the
U.S. Securities and Exchange Commission on July 30, 2019. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.

This announcement does not constitute an offer to subscribe to or a solicitation
of an offer to subscribe to securities in any member state within EEA in which
such offer or solicitation is unlawful, unless in reliance upon applicable EEA
prospectus exceptions, whereby no EEA prospectus, registration or similar action
would be required within EEA.

Contact details:
Svend Anton Maier: Chief Executive Officer, Borr Drilling Management, +47
41427129

Rune Magnus Lundetræ: Chief Financial Officer, Borr Drilling Management +47
90088411, [email protected]

This information is subject to the disclosure requirements pursuant to OSE
Continuing Obligations section 11.4 (3), and section 5-12 of the Norwegian
Securities Trading Act.

Kilde

TekBot · august 6, 2019, 1:50pm

Borr Drilling Limited - Contract Award for Premium Jack-up Rig in Mexico

Reference is made to Borr Drilling Limited’s (NYSE: BORR, OSE: BDRILL) (the
“Company”) previously disclosed information regarding its two contracts in
Mexico with Petróleos Mexicanos (“Pemex”), in what is referred to as "Cluster
…

Vis børsmeldingen

2", under an integrated services model. The first rig, the “Grid”, has arrived
on site and is currently commencing its contract, while the second rig, the
“Gersemi”, is expected to commence shortly thereafter.

The Company is also pleased to announce that it has received an award from Pemex
for an additional contract, which is the third contract under “Cluster 2” for
the Company. The new contract is expected to be based on the same economics and
structure as the first two contracts and secures the employment of a third
modern jack-up drilling rig with expected commencement in the fourth quarter
2019 for an anticipated duration to be around 18 months.

The newly awarded contract is the Company’s fourth contract award in Mexico in
less than nine months and is a result of the Company’s strong focus on the
region. The Company has established a robust regional office and operations in
the country, and is optimistic about future opportunities arising from the
continued strong demand seen in the region.

August 6, 2019

Hamilton, Bermuda

Questions should be directed to:

Svend Anton Maier: Chief Executive Officer, Borr Drilling Management, +47
41427129

Rune Magnus Lundetræ: Chief Financial Officer, Borr Drilling Management +47
90088411, [email protected]

Forward looking statements

This announcement includes forward looking statements. Forward looking
statements are, typically, statements that do not reflect historical facts and
may be identified by words such as “anticipate”, “continue”, “expect”, “should”,
“will” and similar expressions and include expectations regarding contract
backlog and contract terms, contracting and operation of our jack-up rigs and
contracting at favourable rates. The forward-looking statements in this
announcement are based upon various assumptions, many of which are based, in
turn, upon further assumptions. Although Borr Drilling Limited believes that
these assumptions are reasonable, they are, by their nature, uncertain and
subject to significant known and unknown risks, contingencies and other factors
which are difficult or impossible to predict and which are beyond our control.
Such risks, uncertainties, contingencies and other factors could cause actual
events to differ materially from the expectations expressed or implied by the
forward-looking statements included herein. In addition to the important factors
and matters discussed elsewhere in this report, important factors that, in our
view could cause actual results to differ materially from those discussed in the
forward looking statements are included in our most recent annual report.

The information, opinions and forward-looking statements contained in this
announcement speak only as of the date hereof and are subject to change without
notice.

Kilde

strongbuy · august 8, 2019, 12:42pm

TekBot · august 13, 2019, 5:45am

Financial calendar

TekBot · august 13, 2019, 9:21am

Borr Drilling Limited - 2019 Annual General Meeting

Buffet · august 16, 2019, 4:58pm

Er du inne?

Skulle bare sjekke kursen og trodde nesten ikke mine egne øyner. Nesten halvert seg siden jeg var aksjonær. Kursen er så lav at man skulle nesten ikke tro det hadde vært utført noe spleis.

Trøim har tapt 2 milliarder på et år på sine investeringer. Har han tatt seg vann over hodet med Borr, 2020 bulkers, Golar osv? Det er ikke lett å prøve å kopiere Fredriksen…

aksjefokus · august 16, 2019, 5:19pm

JF har vært nær skifteretten flere ganger mens han bygget seg opp.

Om Trøim klarer å bygge seg opp gjenstår å se, det blir sannsynligvis himmel eller helvete.

Buffet · august 16, 2019, 5:50pm

Det er helt sant! Men fy faen 2 milliarder tap på et år må kjennes på kropp, søvn osv… Jeg kjenner det bare av å miste litt av opptjent gevinst Jaja sammenligner man med Einar Aas og Idar Vollvik så er det ikke så mye å skryte av

strongbuy · august 17, 2019, 7:16am

Ikke inne, prøvde meg på inngang i bdrill og sdrl men solgte med engang den gikk under min inngangs pris. Og siden har de falt som stener begge to. Holder meg unna alt oljerelatert nå. Umulige å se hvor bunnen er da de faller 5-10% hver dag nesten.

Buffet · august 17, 2019, 12:17pm

Ja, jeg håper Trøim lykkes, han har virkelig satset. Han kjøpte jo en del på ath når Rasmussen solgte seg ut. Kurs på de nivåene virker helt umulig nå. Så de som klager på at det skjer for lite insidekjøp i bedriftene de har aksjer i så er det ikke alltid det hjelper.

Må være fortvilende å tape 2 milliarder på å jobbe og etablere bedrifter

Buffet · august 21, 2019, 7:51pm

Noen som følger selskapet? Det ser billig ut. kursmålene til analytikerne er jo så høye i forhold til kursen at det ser egentlig komisk ut. Trøim har jo en skyhøy snittkurs selv.

Men selskapet virker noe “cowboy-aktig” også. Selskapet kjøpte tilbake egne aksjer på en høy kurs ikke så veldig lenge før de kom i skvis og måtte få på plass nye lån, samt de gambler med veldig store pengebeløp på forward-kontrakter og hadde store tap på veddemålene (usikker hvordan ståa er der nå).

aksjefokus · august 21, 2019, 8:24pm

Anbefaler å lese hvordan Trøim og JF bygget opp Frontline, hvor de gjorde nøyaktig det samme. Dette kan leses om litt rundt omkring, jeg vet det finnes noen gamle slides fra investor presentasjonene rundt på Frontline.bm sine sider. I tillegg så står det skrevet endel om dette i Dynasties of the Sea, som er en must read for alle som ønsker å tjene penger i shipping.

Utdrag:

Med det bakteppet trenger man ikke være veldig overrasket over det du ser i Borr, og for gudsskyld: Aldri avskriv Trøim, han har hatt mer flaks enn Bjørn Kjos i sin karriere…

Buffet · august 21, 2019, 9:48pm

Det må leses ja! Jeg er fan av både Trøim og Kjos. Så det er bare å ta på cowboy-hatten og følge med på utviklingen for timing av inngang

Den har ligget på 212 pr aksje kalkulert inn spleis og nå 48. Skulle nesten tro det skjedde når oljekrisa inntraff, men riggene ble jo kjøpt på billigsalg og selkapet etablert når krisen stod på som værst.

TekBot · august 22, 2019, 6:42am

Borr Drilling Limited - Paal Kibsgaard recommended as new Chairman of the Board

The Board of Borr Drilling has based on the unanimous decision from the
nomination committee, decided to recommend Paal Kibsgaard as new Chairman of the
Board of Borr Drilling. The election will take place at the annual general
…

Vis børsmeldingen

meeting to be held on September 27, 2019.

Mr. Kibsgaard has through his 27 years of experience, a deep knowledge of the
oil and gas industry. He has held a variety of global senior management
positions at Schlumberger Limited, including Chairman and CEO, COO, President of
the Reservoir Characterization Group, VP of Engineering, Manufacturing and
Sustaining, and VP of Human Resources. A petroleum engineer, with a master
degree from Norwegian Institute of Technology, he began his career in 1992
working for Exxon Mobil.

Mr. Kibsgaard will replace Mr. Fredrik Halvorsen as a member of the Board, who
will resign as a Director effective September 1, 2019. Mr. Halvorsen has played
an instrumental role in the build-up of Borr, and the Board would like to thank
him for his valuable contributions to the Company.

Tor Olav Troim said in a comment; “We are delighted that Mr. Kibsgaard will join
the Board of Borr Drilling. Through his experience, knowledge and network, we
are convinced that he will add significant value and credibility to the Company.
The business model used in shallow-water drilling is gradually moving from being
day-rate based to a more integrated service model. At the same time, we see the
strong focus from our customers to contract modern and more efficient drilling
rigs. Borr Drilling is in a leading position to take full advantage of both
these emerging industry trends, and by appointing Paal Kibsgaard as our new
Chairman, we have secured a world-class resource to chair our Company going
forward.”

Paal Kibsgaard said in a comment; “I am excited to join the Board of Borr
Drilling at a time when the activity in the shallow-water drilling market is
showing strong signs of recovery. Borr has over the past years established
themselves as a clear leader in the high specification jack-up rig market, with
the largest and youngest rig fleet in the industry. I look forward to working
with the rest of the Board of Directors and the strong management team that is
in place. The initial focus will be to increase the utilisation of the existing
assets by adding more contracts, develop the business model and at the same time
continue to deliver a best in class safe and efficient drilling service. Through
these measures we should significantly strengthening the financial returns from
our existing assets, to the benefit of our customers, employees, partners and
shareholders.”

Tor Olav Troim will continue to serve on the board as Vice Chairman. Mr Patrick
Schorn will continue to be Schlumberger’s representative on the board.

Hamilton, Bermuda

22 August 2019

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · august 22, 2019, 6:42am

Borr Drilling Limited - Notice of Annual General Meeting 2019

Buffet · august 22, 2019, 9:15am

Har du noe formening om selskapet?

aksjefokus · august 22, 2019, 2:38pm

Nei, følger ikke med rigg og oljeservice for mye. Har Subsea 7, men ville vært forsiktig med de selskapene som Borr og Seadrill. De velter i gjeld og det ser ikke helt lyst ut, men det kan fort snu.