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ABG Sundal Collier acted as Joint Bookrunner in connection with the USD 250M private placement in Borr Drilling

ABG Sundal Collier acted as Joint Bookrunner in connection with the USD 250M private placement in Borr Drilling

Borr Drilling Limited today announced the successful completion of an equity offering of 54,347,827 new shares, each at a subscription price of USD 4.60 per share, raising gross proceeds of USD 250 million. The net proceeds from the equity offering will be used to finance the acquisition of Paragon and for general corporate purposes.