Borr Drilling Announces Adjustment Conversion Price Convertible Bonds

Source: www.gulfoilandgas.com 3/1/2024, Location: South America

Reference is made to Borr Drilling Limited's ("Borr Drilling") (NYSE and OSE: "BORR") stock exchange releases related to the declaration of dividend of paid-in capital of $0.05 per share as announced on February 22, 2024 (the "Dividend").

In accordance with the loan agreement for the Company's USD 250,000,000 5% Senior Unsecured Convertible Bonds 2023/2028, ISIN NO0012828187, the Dividend has triggered an adjustment to the conversion price from USD 7.3471 to USD 7.2384 per depository receipt listed on Oslo Stock Exchange.


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