Brief: Borr Drilling Equity Offering Substantially Oversubscribed

Borr Drilling

22/05/2020 06:17

May 22 - Borr Drilling  BDRILL.OL :
    * SAID ON THURSDAY SUCCESSFUL COMPLETION OF THE EQUITY
OFFERING
THROUGH THE SUBSCRIPTION AND ALLOCATION OF 46,153,846 NEW
DEPOSITARY RECEIPTS
    * SUBSCRIPTION PRICE OF $0.65 PER SHARE (EQUIVALENT TO NOK
6.45
PER SHARE)
    * RAISING GROSS PROCEEDS OF $30 MILLION
    * EQUITY OFFERING WAS SUBSTANTIALLY OVERSUBSCRIBED

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr7K3V2t
    
 Further company coverage:  BDRILL.OL  
   


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