Borr Drilling Limited Announces Senior Secured Notes Offering

Borr Drilling Limited announced its intention to offer $1,600,000,000 in aggregate principal amount of senior secured notes due 2032 and 2034. The notes will be guaranteed by the Company and certain subsidiaries, and secured by most of the company's rigs and other assets. The proceeds are intended to refinance outstanding 10.000% Senior Secured Notes due 2028 and up to $447.3 million of outstanding 10.375% Senior Secured Notes due 2030. The offering is subject to market conditions, with pricing expected around May 28, 2026. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities.