ABG Sundal Collier acted as Joint Bookrunner in connection with the USD 275m (including USD25m overallotment) Public Offering of Common Shares (NYSE) in Borr Drilling Limited

The Company plans to use the proceeds from the offering to consummate a refinancing with its lenders under its Syndicated Facility, New Bridge Facility, Hayfin Facility and shipyard delivery financing arrangements with Keppel and PPL, and for general corporate purposes, which may include, among other things, repayments of its debt obligations, payments to its creditors in return for potential concessions or extensions of current facilities, capital expenditures, including costs in connection with activations and reactivations of rigs being brought into operations, or funding of its working capital.