Brief: Borr Drilling Completes Financial Restructuring
05/06/2020 06:08
June 5 (Reuters) - Borr Drilling Ltd BDRILL.OL :
* BORR DRILLING LIMITED - COMPLETING FINANCIAL RESTRUCTURING
AND
CONDITIONS FOR EQUITY OFFERING
* DEFERRAL OF DELIVERY OF FIVE JACK-UPS RIGS UNTIL MID-2022,
REPRESENTING ESTIMATED LIQUIDITY IMPROVEMENT OF APPROXIMATELY
$190 MILLION UNTIL Q1 OF 2022
* DEFERRAL OF CERTAIN INTEREST PAYMENTS UNTIL 2022,
REPRESENTING
AN ESTIMATED LIQUIDITY IMPROVEMENT OF APPROXIMATELY $60 MILLION.
* DEFERRAL OF DEBT AMORTISATION IN 2021 OF $65 MILLION UNTIL
MATURITY OF LOANS IN Q2 OF 2022
Source text for Eikon: ID:nWkr8Kqch5
Further company coverage: BDRILL.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
Recent news on Borr Drilling
See all newsBrief: Borr Drilling Limited Announces Completion Of Delisting Of Shares On Oslo Stock Exchange
Brief: Borr Drilling Limited Announces Contracting Update
Brief: Borr Drilling Announces Temporary Suspension Notice
Brief: Borr Drilling Ltd Says Quarterly Adjusted EBITDA Of $115.5 Million, A Decrease Of $20.9 Million Compared To Q2 Of 2024
Brief: Borr Drilling Limited Announces Voluntary Delisting From Oslo Stock Exchange