Borr Drilling to consider dividend when debt had been refinanced

Borr Drilling

17/08/2023 14:40

OSLO, Aug 17 (Reuters) - Offshore drilling contractor
Borr Drilling  BORR.N  will consider making dividend payments as
soon as the company can refinance its debt, its chief executive
said on Thursday. 
    "I do think it (debt refinancing) is going to get traction
this year already, and then we will get into a position to look
at dividend and cash return to our shareholders," Borr's CEO
Patrick Schorn told a call with analysts.

 (Reporting by Nerijus Adomaitis editing by Terje Solsvik)
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))