Brief: Borr Drilling Says Contemplated Up To USD 250 Mln Senior Unsecured Convertible Bond Issue And USD 150 Mln Senior Secured High Yield Bond Issue
24/01/2023 21:33
Jan 24 (Reuters) - Borr Drilling Ltd BORR.N :
* BORR DRILLING LIMITED - CONTEMPLATED UP TO USD 250 MILLION
SENIOR UNSECURED CONVERTIBLE BOND ISSUE AND USD 150 MILLION
SENIOR SECURED HIGH YIELD BOND ISSUE
* BORR DRILLING- - PROCEEDS FROM CONVERTIBLE BONDS WILL BE
USED TO
REFINANCE OUTSTANDING USD 350 MILLION OF CONVERTIBLE BONDS DUE
23 MAY 2023
* BORR DRILLING LTD - CONVERTIBLE BONDS WILL BE ISSUED AND
REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT OF USD 200,000
* BORR DRILLING LTD - PROCEEDS FROM CONVERTIBLE BONDS WILL
BE USED
TO REFINANCE OUTSTANDING USD 350 MILLION OF CONVERTIBLE BONDS
DUE 23 MAY 2023
Source text for Eikon: ID:nWkr9Rb8c7
Further company coverage: BORR.N
((Reuters.Briefs@thomsonreuters.com;))
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