Borr Drilling (BORR) announces its plans to raise approximately $85M in gross proceeds though an offering of 21M shares. DNB Carnegie, Inc. and Clarksons Securities AS are joint global coordinators and bookrunners, Citigroup Global Markets, Fearnley Securities AS and Pareto Securities AS are joint bookrunners, and BTIG is co-manager for the Equity Offering.
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Read More on BORR:
- Borr Drilling to acquire five jack-up rigs from Noble Corp. for $360M
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- Borr Drilling price target raised to $3.75 from $3.25 at Citi
- Borr Drilling upgraded to Buy from Sell at SEB Equities
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