Borr drilling limited - conditions for equity raise completed

Hamilton, bermuda, jan. 28, 2022 /prnewswire/ -- reference is made to borr drilling limited's (the "company") (nyse and ose: "borr") announcement 28 december 2021 relating to the subscription and allocation of a total of 13,333,333 new depository receipts (the "offer shares"), at a price of $2.25, raising gross proceeds of $30 million (the "equity offering") related to refinancing and deferring a combined $1.4 billion debt maturities and delivery instalments from 2023 to 2025 with its shipyards. the company has today met all the remaining conditions listed in its announcement on 28 december 2021 for the equity offering.
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