Brief: Borr Drilling Q3 Adjusted EBITDA Up Q/Q At $20.0 Mln

Borr Drilling

05/11/2021 06:51

Nov 5 (Reuters) - Borr Drilling Ltd  BORR.OL :
    * BORR DRILLING LIMITED ANNOUNCES PRELIMINARY RESULTS FOR
THE
THIRD QUARTER OF 2021
    * Q3 TOTAL OPERATING REVENUES OF $73.0 MILLION, AN INCREASE
OF
$18.2 MILLION (33%) COMPARED TO Q2 OF 2021
    * Q3 ADJUSTED EBITDA OF $20.0 MILLION, AN INCREASE OF $16.3
MILLION (441%) COMPARED TO Q2 OF 2021
    * BORR DRILLING IN A POSITION TO BENEFIT FROM THIS
STRENGTHENING
MARKET AND WE REMAIN ON TRACK TO FULLY CONTRACT OUR FLEET OF 23
DELIVERED RIGS BY 2022.
    * MANAGEMENT HAS CONTINUED ITS ENGAGEMENT WITH VARIOUS
CREDITORS
WITH AIM TO ADDRESS 2023 DEBT MATURITIES
    * CURRENTLY WE ARE IN ADVANCED DISCUSSIONS WITH ONE OF
SIGNIFICANT
CREDITORS, HAVING ARRIVED AT A COMMONLY UNDERSTOOD FRAMEWORK TO
EXTEND COMMITMENTS SUBSTANTIALLY BEYOND 2023

Source text for Eikon:  ID:nWkr9JKjXk 
Further company coverage:  BORR.OL 

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