Borr drilling: amendment to bank facility covenants

Amendment to bank facility covenants.required minimum book equity ratio has been adjusted from 40% to 33.3% and minimum free liquidity covenant adjusted from 4.0% to 3.0% of net interest bearing debt.these amendments are effective from year end 2019 and into 2021.company continues to be in constructive negotiations with shipyard for options to extend delivery of three of its remaining newbuilds and expect to conclude these negotiations in near future.
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