<SEC-DOCUMENT>0001140361-20-021943.txt : 20200930
<SEC-HEADER>0001140361-20-021943.hdr.sgml : 20200930
<ACCEPTANCE-DATETIME>20200930092943
ACCESSION NUMBER:		0001140361-20-021943
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200930
DATE AS OF CHANGE:		20200930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Borr Drilling Ltd
		CENTRAL INDEX KEY:			0001715497
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39007
		FILM NUMBER:		201211043

	BUSINESS ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
		BUSINESS PHONE:		4722483000

	MAIL ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc10015637_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;"> UNITED STATES<br>
      </div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div>&#160;</div>
      <div>
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      <div> <br>
      </div>
      <div style="text-align: center; font-weight: bold; font-size: 18pt;">FORM 6-K</div>
      <div>
        <div>&#160;</div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <br>
      <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
      <div style="text-align: center; font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16</div>
      <div style="text-align: center; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Commission File Number 001-39007</div>
      <div>&#160;</div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <br>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">Borr Drilling Limited</div>
      <div>&#160;</div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
      <div style="text-align: center; font-weight: bold;">
        <div>S. E. Pearman Building</div>
      </div>
      <div style="text-align: center; font-weight: bold;">2nd Floor 9 Par-la-Ville Road</div>
      <div style="text-align: center; font-weight: bold;">Hamilton HM11</div>
      <div style="text-align: center; font-weight: bold;">Bermuda</div>
      <div style="text-align: center; font-weight: bold;">(Address of principal executive office)</div>
      <br>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
      <div> <br>
      </div>
      <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
      <div>&#160;</div>
      <div style="text-align: center;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: #000000; width: 100%;">

            <tr>
              <td style="width: 48%; text-align: right;">Form 20-F&#160; &#9746;</td>
              <td style="width: 4%;"><br>
              </td>
              <td style="width: 48%;">Form 40-F&#160; &#9744;</td>
            </tr>

        </table>
        <br>
      </div>
      <div>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</div>
      <div>&#160;</div>
      <div style="text-align: center;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: rgb(0, 0, 0); width: 100%;">

            <tr>
              <td style="width: 48%; text-align: right;">Yes&#160; &#9744;</td>
              <td style="width: 4%;"><br>
              </td>
              <td style="width: 48%;">No&#160; &#9746;</td>
            </tr>

        </table>
        <div style="text-align: left;"><br>
        </div>
      </div>
      <div>If &#8216;&#8216;Yes&#8217;&#8217; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</div>
      <div><br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><u>Exhibits</u></div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 5%; vertical-align: top;">
              <div><a href="brhc10015637_ex99-1.htm">99.1</a></div>
            </td>
            <td style="width: 95%; vertical-align: top;">
              <div>Press Release</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      </div>
      <div style="text-align: center; font-weight: bold;">&#160;SIGNATURES</div>
      <div>&#160;</div>
      <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="vertical-align: top;" colspan="2">
              <div style="font-weight: bold;">BORR DRILLING LIMITED</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle;">&#160;</td>
            <td style="width: 5%; vertical-align: middle;">&#160;</td>
            <td style="width: 45%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">
              <div>Date: September 30, 2020</div>
            </td>
            <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Georgina Sousa</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div>Georgina Sousa</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div>Director</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <br>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10015637_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <div style="text-align: right; font-weight: bold;"><font style="font-weight: bold;"> Exhibit 99.1</font><br>
      </div>
      <div style="text-align: justify; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Borr Drilling Limited &#8211; Pricing of Equity Offering</div>

      <div><br>
         </div>

      <div style="text-align: justify;">NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
        DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">Hamilton, Bermuda, 30 September 2020</div>

      <div><br>
         </div>

      <div style="text-align: justify;">Reference is made to Borr Drilling Limited's ("Borr Drilling" or the "Company") (NYSE: &#8220;BORR&#8221;, OSE: &#8220;BDRILL&#8221;) stock exchange notice dated 29 September 2020, announcing further concessions from its
        lenders and the decision to adjust the amount to be raised in the contemplated equity offering to USD 25-30 million.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">Borr Drilling is pleased to announce that the board of directors of the Company (the &#8220;Board&#8221;) has approved the subscription and allocation of a total of 51,886,793 new depositary receipts (the "Offer
        Shares"), representing the beneficial interests in the same number of the Company&#8217;s underlying common shares, each at a subscription price of USD 0.53 per Offer Share (equivalent to NOK 5.01 per Offer Share), raising gross proceeds of USD 27.5
        million.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">The Offer Shares, representing the beneficial interests in the same number of common shares in the Company, will only be listed on the Oslo Stock Exchange. Following issuance of the Offer Shares, the
        Company's outstanding and issued share capital will increase by USD 2,594,339.65 to USD 10,515,935.20, divided into 210,318,704 shares with a nominal value of USD 0.05 per share.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">The date for settlement of the Offer Shares is expected to be <font style="color: #000000;">on or about 5 October 2020</font> following <font style="color: #000000;">publication of a prospectus
          approved by the Financial Supervisory Authority of Norway relating to the listing of the Offer Shares and certain of the offer shares in the May private placement. </font>The Offer Shares, representing the beneficial interests in the same number
        of common shares in the Company, will only be listed on the OSE. No Offer Shares will be offered or sold in transactions on the NYSE.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.</div>

      <div><br>
         </div>

      <div style="text-align: justify;">Important note</div>

      <div style="text-align: justify;">This announcement is not being made in or into Canada, Australia, Japan, Hong Kong or in any other jurisdiction where it would be prohibited by applicable law. The shares referred to herein have not
        been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration.</div>

      <div><br>
         </div>

      <div style="text-align: justify; font-weight: bold;">Forward looking statements</div>

      <div style="text-align: justify;">This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as &#8220;may&#8221;, &#8220;expect&#8221;, &#8220;may&#8221;, &#8220;will&#8221; and similar expressions and include
        statements relating to the contemplated Equity Offering, conditions relating to completion of the Equity Offering and expected timing of closing of the Equity Offering. Such forward-looking statements are subject to risks, uncertainties,
        contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to meeting the conditions for and completing the
        Equity Offering, the outcome of the agreement with lenders, risks relating to our liquidity and expected additional run-way and ultimate outcome of planned discussions with yard, including whether we will have sufficient liquidity to meet our
        requirements and other factors described in the section entitled &#8220;Risk Factors&#8221; in our filings with the Securities and Exchange Commission. Such risks, uncertainties, contingencies and other factors could cause actual events to differ materially
        from the expectations expressed or implied by the forward-looking statements included herein. These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements,
        whether as a result of new information, future events or otherwise.</div>

      <div style="text-align: justify;"> <br>
         </div>

      <div style="text-align: justify;"> <br>
         </div>

      <div style="text-align: justify;">
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