Borr Drilling (BORR) Limited announced its plans for a public offering seeking to raise $100M in gross proceeds though an offering of approximately 50M shares. The company plans to use the proceeds from the offering for general corporate purposes, which may include debt service, capital expenditures and funding of working capital. DNB Carnegie, Clarksons Securities, Citigroup and Goldman Sachs & Co. are joint bookrunners for the offering.
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