Borr Drilling (BORR) has released an update.
Borr Drilling Limited has published its Unaudited Interim Financial Report for Q1 2024, indicating the issuance of an additional $200 million in 10% Senior Secured Notes due 2028 and the temporary suspension of operations for ‘Arabia I’ rig in Saudi Arabia. The company, which specializes in shallow-water drilling services, is expanding with the acquisition of two new premium jack-up rigs, enhancing its existing fleet of 22 rigs.
For further insights into BORR stock, check out TipRanks’ Stock Analysis page.
