Brief: Borr Drilling not to proceed with proposed buy back of Convertible bond

Borr Drilling

29/09/2020 16:19

Sept 29 (Reuters) - Borr Drilling Ltd  BDRILL.OL :
    * CO'S BANK SYNDICATE AND HAYFIN HAVE AGREED TO PROVIDE
COMPANY
WITH EXTRA LIQUIDITY OF APPROXIMATELY USD 12 MILLION
    * HAS DECIDED TO LOWER AMOUNT TO BE RAISED IN CONTEMPLATED
EQUITY
OFFERING TO USD 25-30 MILLION
    * BOARD HAS DECIDED NOT TO PROCEED WITH PROPOSED BUY BACK OF
A
PORTION OF ITS CONVERTIBLE BOND.

Source text for Eikon:  ID:nObi3dj6Ma 
Further company coverage:  BDRILL.OL 

 ((Reuters.Briefs@thomsonreuters.com;))