<SEC-DOCUMENT>0001140361-22-031037.txt : 20220826
<SEC-HEADER>0001140361-22-031037.hdr.sgml : 20220826
<ACCEPTANCE-DATETIME>20220826155346
ACCESSION NUMBER:		0001140361-22-031037
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20220826
FILED AS OF DATE:		20220826
DATE AS OF CHANGE:		20220826

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:		221205093

	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>brhc10041324_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
    <div>&#160;
      <hr noshade="noshade" align="center" style="height: 2px; width: 40%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</div>
    <div style="text-align: center; color: #000000;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">August 26, 2022</div>
    <div>&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 25%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number: 001-39007</div>
    <div>&#160;
      <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 40%; color: #000000; text-align: center;"></div>
    <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">Borr Drilling Limited</div>
    <div>&#160;
      <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 40%; color: #000000; text-align: center;"></div>
    <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">S.E. Pearman Building</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">2nd Floor 9 Par-la-Ville Road</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Hamilton HM11 Bermuda</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">(Address of principal executive offices)</div>
    <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-weight: bold;">
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="ze77e3824f51b4366b0007642015bc85b">

          <tr>
            <td style="width: 80%;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F</td>
            <td style="width: 20%;">Yes &#9746; No &#9744;</td>
          </tr>
          <tr>
            <td style="width: 80%;" rowspan="1"><br>
            </td>
            <td style="width: 20%;" rowspan="1"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 80%;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</td>
            <td style="width: 20%;">Yes &#9744; No &#9746;</td>
          </tr>
          <tr>
            <td style="width: 80%;" rowspan="1"><br>
            </td>
            <td style="width: 20%;" rowspan="1"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 80%;">
              <div style="text-align: left; color: #000000;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</div>
            </td>
            <td style="width: 20%;">Yes &#9744; No &#9746;</td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
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      <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>
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    <div style="text-align: center; color: #000000; font-weight: bold;">INCORPORATION BY REFERENCE</div>
    <div>&#160;</div>
    <div style="color: #000000;">This Form 6-K is hereby incorporated by reference into the registration statements of Borr Drilling Limited (the &#8220;Company&#8221;) on Form F-3 (Registration Number
      333-254525 and Registration Number 333-266328) and into each prospectus outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities
      Act of 1933, or the Securities Exchange Act of 1934.</div>
    <div>&#160;</div>
    <div style="color: #000000;"><u>Exhibits </u></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z79cdfe8a5c414552bf1eba37f305fbf6" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 6.3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><a href="brhc10041324_ex5-1.htm">5.1</a></div>
          </td>
          <td style="width: 93.7%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Legal Opinion of MJM Limited</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.3%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);"><a href="brhc10041324_ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 93.7%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Press release, dated August 26, 2022</div>
          </td>
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    <div style="text-align: center; color: #000000; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div style="margin-right: 10.8pt; margin-left: 10.8pt; color: #000000;">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 style="margin-right: 10.8pt; margin-left: 10.8pt; color: #000000;"> <br>
    </div>
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          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">BORR DRILLING LIMITED</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;"><br>
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          <td style="width: 50%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Date: August 26, 2022</div>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">/s/ Mi Hong Yoon</div>
          </td>
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          </td>
          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;" rowspan="1"><br>
          </td>
          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
          </td>
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          </td>
          <td style="width: 5%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Name:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Mi Hong Yoon</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;"><br>
          </td>
          <td style="width: 5%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Title:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="color: rgb(0, 0, 0);">Director</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>brhc10041324_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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  <div><br>
  </div>
  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Exhibit 5.1</div>
  <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;">Opinion of MJM Limited</div>
  <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic;"> <br>
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  <div style="text-align: center;"><img src="image01.jpg"> </div>
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          <div style="color: rgb(0, 0, 0);">26 August 2022</div>
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          <div style="color: rgb(0, 0, 0);"><br>
          </div>
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          <div style="color: rgb(0, 0, 0); font-weight: bold;">By Email and by Hand</div>
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        <td style="width: 50%; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Borr Drilling Limited</div>
        </td>
        <td style="width: 50%; vertical-align: top;"><br>
        </td>
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        <td style="width: 50%; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">S.E. Pearman Building,</div>
        </td>
        <td style="width: 50%; vertical-align: top;"><br>
        </td>
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        <td style="width: 50%; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">2nd floor, 9 Par-la-Ville Road</div>
        </td>
        <td style="width: 50%; vertical-align: top;"><br>
        </td>
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        <td style="width: 50%; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Hamilton HM 11</div>
        </td>
        <td style="width: 50%; vertical-align: top;"><br>
        </td>
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      <tr>
        <td style="width: 50%; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Bermuda</div>
        </td>
        <td style="width: 50%; vertical-align: top;"><br>
        </td>
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  <div>&#160;</div>
  <div style="margin-left: 3.6pt; color: rgb(0, 0, 0);">Dear Sirs,</div>
  <div>&#160;</div>
  <div style="margin-left: 3.6pt; color: rgb(0, 0, 0);"><font style="font-weight: bold;"><u>Borr Drilling Limited (</u></font><u>the </u><font style="font-weight: bold;"><u>&#8220;Company&#8221;</u></font><u>)</u></div>
  <div>&#160;</div>
  <div style="margin-left: 3.6pt;"><font style="font-weight: bold; color: rgb(0, 0, 0);">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-weight: bold; color: rgb(0, 0, 0);">Subject of Opinion</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">We are lawyers duly qualified to practise in Bermuda. This opinion as to the laws of Bermuda is addressed to you in connection with the issuance and sale to the Underwriters (as
    defined below) of 34,696,404 common shares of par value US$0.10 per share in the share capital of the Company (the &#8220;<font style="font-weight: bold;">Shares</font>&#8221;) pursuant to an underwriting agreement between the Company and DNB Markets, Inc., as
    representative of the several underwriters named in Schedule I thereto (together the &#8220;<font style="font-weight: bold;">Underwriters</font>&#8221;), dated 10 August 2022 (the &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;). The Shares are more fully
    described in a registration statement filed with the Securities and Exchange Commission (the &#8220;<font style="font-weight: bold;">Commission</font>&#8221;) on Form F-3 (File No. 333-266328) (such registration statement as amended and supplemented from time to
    time), including the exhibits thereto (the &#8220;<font style="font-weight: bold;">Registration Statement</font>&#8221;), under the Securities Act of 1933, as amended (the &#8220;<font style="font-weight: bold;">Act</font>&#8221;) and the rules and regulations promulgated
    thereunder, in respect of the Company.</div>
  <div>&#160;</div>
  <div style="margin-left: 3.6pt;"><font style="font-weight: bold; color: rgb(0, 0, 0);">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Documents Examined</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">For the purposes of this opinion we have examined and relied upon the following (collectively, the &#8220;<font style="font-weight: bold;">Documents</font>&#8221;):</div>
  <div>&#160;</div>
  <div> <br>
  </div>
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        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">2.1.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">a copy of the Registration Statement;</font></div>
        </td>
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  <div> <br>
  </div>
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        <td style="width: 36pt;"></td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">2.2.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">a scanned copy of the prospectus supplement dated 10 August 2022, including the base&#160; </font>prospectus dated 26 July 2022 (together, the &#8220;<font style="font-weight: bold;">Prospectus</font>&#8221;);</div>
        </td>
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  <div> <br>
  </div>
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        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">2.3.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">a copy of the Agreement;</font></div>
        </td>
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  <div> <br>
  </div>
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        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">2.4.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">a copy of the following documents of the Company, as certified by the Secretary thereof&#160; </font>on 26 August 2022:</div>
        </td>
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  <div style="margin-left: 72pt;"> &#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);"><br>
    </font></div>
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        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);">(a)</font></td>
        <td style="width: auto; vertical-align: top;"><font style="color: rgb(0, 0, 0);">Certificate of Incorporation;</font></td>
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  <div>&#160;</div>
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        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(b)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Certificate of Incorporation on Change of Name;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(c)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Memorandum of Association;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(d)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Bye-laws;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(e)</td>
        <td style="width: auto; vertical-align: top;">
          <div style="color: rgb(0, 0, 0);">Certificates of Deposit of Memoranda of Increase of Share Capital;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(f)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">Resolutions passed by the Board of Directors of the Company on 9 August 2022 and by the shareholders of the Company on 16 August 2022 and 25 August 2022 (the &#8220;<font style="font-weight: bold;">Resolutions</font>&#8221;);</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(g)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">Tax Assurance; and</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 72pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">(h)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">Register of Directors and Officers;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">2.5.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">a Certificate of Compliance issued by the Bermuda Registrar of Companies (&#8220;<font style="font-weight: bold;">ROC</font>&#8221;) in respect of the Company dated 25 August 2022; and</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="5298a27584764f2483b0ec5a8c07e34f" class="DSPFListTable">

      <tr>
        <td style="width: 36pt;"></td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);">2.6.</font></td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">such other documents as we have deemed necessary in order to render this opinion.</font></div>
        </td>
      </tr>

  </table>
  <div> <br>
  </div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">A reference to a document does not include any other instrument or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto. Except
    as stated in this paragraph 2, we have not examined any contract, instrument or other document entered into by, or affecting, the Company or any corporate records of the Company and have not made any other enquiries concerning the Company.</div>
  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">3.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Searches</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">We have also relied upon our searches of the documents of public record relating to the Company maintained by the ROC and on our search of the Cause Book maintained by the
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  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">4.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Opinion Limited to Bermuda Law</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">We have made no investigation of the laws of any jurisdiction other than Bermuda and this opinion is given only with respect to Bermuda law as applied by the courts of Bermuda at
    the date thereof and is governed by, and should be construed in accordance with, those laws. This opinion is limited to the matters stated herein and does not extend to, and is not intended to be extended by implication to, any other matters. This
    opinion is issued solely for the purposes of the issuance of the Shares and may not be relied upon in respect of any other matter.</div>
  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">5.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Assumptions</font></div>
  <div>&#160;</div>
  <div style="margin-left: 36pt; color: rgb(0, 0, 0);">In giving this opinion we have assumed:</div>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.1</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">the authenticity, accuracy and completeness of all Documents (including, without limitation, public records) submitted to us as originals and the conformity to authentic original documents of all Documents
            submitted to us as certified, conformed, notarised or photo static copies;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <br>
  <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: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 3</font></div>
  </div>
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      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);">5.2</font></td>
        <td style="width: auto; vertical-align: top; text-align: justify;"><font style="color: rgb(0, 0, 0);">the genuineness of all seals, signatures and markings on the Documents;</font></td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.3</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">the authority, capacity and power of each of the persons signing the Documents (other than the Company);</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.4</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that any representation, warranty or statement of fact or law, other than the laws of Bermuda, made in any of the Documents, is true, accurate and complete;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.5</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that each of the Documents which was received by electronic means is complete, intact and in conformity with the transmission as sent;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.6</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would have any implication in relation to the opinions expressed herein;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.7</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would be contravened by any actions taken by the Company in connection with the Registration Statement or which
            would have any implication in relation to the opinion expressed herein and that, in so far as any obligation under, or action to be taken under, the Registration Statement is required to be performed or taken in any jurisdiction outside
            Bermuda, the performance of such obligation or the taking of such action will constitute a valid and binding obligation of each of the parties thereto under the laws of that jurisdiction and will not be illegal by virtue of the laws of that
            jurisdiction;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.8</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that the information disclosed by the Searches has not been materially altered and that the Searches did not fail to disclose any material information which had been delivered for filing or registration, but was
            not disclosed or did not appear on the public files or on the Cause Book at the time of the Searches;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.9</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that no litigation, administrative or other proceeding of or before any governmental authority of Bermuda is pending against or affecting the Company;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.10</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that the Company has not passed a voluntary winding-up resolution and that no petition has been presented to or order made by a court for the winding-up or dissolution of the Company;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.11</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">that the Resolutions certified as being true and accurate and provided to us in connection with the giving of this opinion were duly passed by the duly elected or appointed directors of the Company or any duly
            constituted committee thereof and bv the shareholders of the Company; that any provisions contained in the Companies Act 1981 of Bermuda, as amended (the &#8220;<font style="font-weight: bold;">Companies Act</font>&#8221;), or the bye-laws of the Company
            relating to the declaration of directors&#8217; interests and the convening of, the quorum required for, and voting at the meetings of the directors and the meetings of shareholders were duly observed; and that such Resolutions have not been amended
            or rescinded, either in whole or in part, and are in full force and effect;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;">&#160;</td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.12</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">all Shares corresponding to the Second Time of Delivery (as defined in the Agreement) will be issued in compliance with all matters of, and will represent valid and enforceable obligations under, applicable U.S.
            federal and state securities laws and other laws (other than the laws of Bermuda, in respect of which we are opining); and</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <br>
  <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: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 4</font></div>
  </div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">5.13</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">the Registration Statement and the Prospectus, and any amendments thereto, will have become effective.</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">6.</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Opinion</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">Based upon and subject to the foregoing and subject to the reservations set out below and to any matters not disclosed to us, we are of the opinion that:</div>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="6c4501a8c1ee4f908974ec5c04f68ef2" class="DSPFListTable">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">6.1</td>
        <td style="width: auto; vertical-align: top; text-align: justify;"><font style="color: rgb(0, 0, 0);">the Company is duly incorporated for an indefinite period as an exempted limited company, </font><br>
          and is validly existing and in &#8216;good standing&#8217; under the laws of Bermuda;</td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">6.2</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">the Shares corresponding to the Second Time of Delivery (as defined in the Agreement) have been duly authorised, validly issued, sold and paid for as contemplated in the Prospectus and the Agreement, fully paid
            and non-assessable; and</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">6.3</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">so far as can be ascertained from the Searches, the Company is not engaged in or threatened with any action, suit, or proceeding before any court in Bermuda.</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">7.</font>&#160;&#160;&#160;&#160; &#160;&#160; &#160;&#160;&#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Reservations</font></div>
  <div>&#160;</div>
  <div style="margin-left: 36pt; color: rgb(0, 0, 0);">We have the following reservations:</div>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">7.1.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">we have relied upon searches of public records on file at the offices of the ROC and the Registry of the Supreme Court of Bermuda but we note that the records disclosed by those searches may not be complete or up
            to date;</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">7.2.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">any reference in this opinion to securities being &#8220;non-assessable&#8221; means, in relation to fully-paid securities of the Company and subject to any contrary provision in any agreement in writing between the Company
            and the holder of securities, that: no security holder shall be obliged to contribute further amounts to the capital of the Company, either in order to complete payment for their securities, to satisfy claims of creditors of the Company, or
            otherwise; and no security holder shall be bound by an alteration of the Memorandum of Association or Bye-Laws of the Company after the date on which he became a security holder, if and so far as the alteration requires him to take, or
            subscribe for additional securities, or in any way increases his liability to contribute to the share capital of, or otherwise to pay money to, the Company; and</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <table cellspacing="0" cellpadding="0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; color: rgb(0, 0, 0);">7.3.</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="color: rgb(0, 0, 0);">any reference in this opinion to the Company being &#8220;in good standing&#8221; means having paid all fees and taxes and having made all filings required by the laws of Bermuda in order to maintain the valid existence of
            the Company pursuant to such laws.</div>
        </td>
      </tr>

  </table>
  <div>&#160;</div>
  <div><font style="font-weight: bold; color: rgb(0, 0, 0);">8.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-weight: bold; color: rgb(0, 0, 0);">Disclosure</font></div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">This opinion has been prepared for use in connection with the filing by the Company of a current report on Form 6-K which will be incorporated by reference into the Registration
    Statement and the Prospectus and is not to be relied upon in respect of any other matter.</div>
  <div>&#160;</div>
  <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">We hereby consent to the filing of this opinion as Exhibit 5.1 to such Form 6-K and to the reference to our firm under the caption &#8220;Legal Matters&#8221; in the Prospectus forming part of
    the Registration Statement, without admitting that we are &#8220;experts&#8221; within the meaning of the Act or the rules and regulations of the Commission thereunder, with respect to any part of the Registration Statement.</div>
  <div>&#160;</div>
  &#160;
  <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: 0px; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0); clear: both;"></div>
    <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 5</font></div>
  </div>
  <div style="margin-left: 36pt; color: rgb(0, 0, 0);">In giving such consent, we do not hereby admit that we are in the category of persons whose consent is required under section 7 of the Act.</div>
  <div>&#160;</div>
  <div style="margin-left: 36pt; color: rgb(0, 0, 0);">This opinion speaks as of its date and is strictly limited to the matters stated in it and we assume no obligation to review or update this opinion if applicable law or the existing facts or
    circumstances should change.</div>
  <div>&#160;</div>
  <div style="color: rgb(0, 0, 0);">Yours faithfully,</div>
  <div>&#160;</div>
  <div style="color: rgb(0, 0, 0); font-weight: bold;">/s/ MJM Limited</div>
  <div>&#160;</div>
  <div style="color: rgb(0, 0, 0); font-weight: bold;">MJM LIMITED</div>
  <div>&#160;</div>
  <br>
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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>brhc10041324_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
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  <div>
    <div style="text-align: right; color: #000000; font-weight: bold;">Exhibit 99.1</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-weight: bold;">Borr Drilling - Second and Final Settlement of US Offering of Common Shares</div>
    <div>&#160;</div>
    <div style="margin-right: 7.2pt; color: #000000;"><font style="font-weight: bold;">Hamilton, Bermuda, August 26, 2022</font>: Borr Drilling Limited (the &#8220;Company&#8221;) (NYSE and OSE: BORR) announced today the second and final settlement of its previously
      announced US public offering of 69,444,444 US common shares of the Company, at a price per share of $3.60 per common share and an additional 6,918,627 common shares for which the underwriters have exercised their option to purchase at the public
      offering price of $3.60 per share, minus underwriting discounts. The total gross proceeds of the offering, including the option shares, is $275 million.</div>
    <div>&#160;</div>
    <div style="margin-right: 7.2pt; color: #000000;">The total number of shares issued in the offering was 76,363,071, divided in 41,666,667 common shares which settled on August 16, 2022, and 34,696,404 shares (including the additional common shares
      issued pursuant to the underwriters&#8217; option) which settled on August 26, 2022.</div>
    <div>&#160;</div>
    <div style="color: #000000;">No securities in the offering were offered or will be listed on Oslo Stock Exchange.</div>
    <div>&#160;</div>
    <div style="margin-right: 28.8pt; color: #000000;">DNB Markets, Clarksons Securities, Pareto Securities, ABG Sundal Collier ASA, Arctic Securities AS, Fearnley Securities and SpareBank 1 Markets are the book-running managers for the offering. Cleaves
      Securities AS is a co-manager for the offering.</div>
    <div>&#160;</div>
    <div style="margin-right: 10.8pt; color: #000000;">Following the settlement of this offering, the Company&#8217;s issued share capital increased to $22,926,359.80, divided into 229,263,598 shares, each with a nominal value of $0.10 per share.</div>
    <div>&#160;</div>
    <div><font style="color: #000000;">The offering referred to herein was made pursuant to an effective automatic shelf registration statement, previously filed by the Company with the Securities and Exchange Commission (&#8220;SEC&#8221;) on July 26, 2022. The
        offering of the common shares was made only by means of a prospectus and a related prospectus supplement. A final prospectus supplement relating to the offering was filed with the SEC on August 11, 2022. You may obtain these documents for free by
        visiting EDGAR on the SEC&#8217;s website at </font>www.sec.gov<font style="color: #000000;">. Alternatively, the final prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting DNB Markets, Inc., Attn:
        Compliance Department, by telephone: 212-681-3800, or by email at: </font>compliance.marketsinc@dnb.no</div>
    <div>&#160;</div>
    <div style="margin-right: 7.2pt; color: #000000;">This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer,
      solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.</div>
    <div>&#160;</div>
    <div style="margin-right: 36pt; color: #000000;">This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. <font style="font-weight: bold;"></font></div>
    <div style="margin-right: 36pt; color: #000000;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="margin-right: 36pt; color: #000000;"><font style="font-weight: bold;">About Borr Drilling Limited</font></div>
    <div>&#160;</div>
    <div style="margin-right: 10.8pt;"><font style="color: #000000;">Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange on August 30, 2017 and on the New York Stock Exchange
        on July 31, 2019 under the ticker "BORR". The Company owns and operates jack-up rigs of modern and high specification designs and provides services focused on the shallow water segment to the offshore oil and gas industry worldwide. Please visit
        the Company&#8217;s website at: </font>www.borrdrilling.com</div>
    <div>&#160;</div>
    <div style="color: #000000;">August 26, 2022</div>
    <div>&#160;</div>
    <div style="color: #000000;">The Board of Directors</div>
    <div style="color: #000000;">Borr Drilling Limited</div>
    <div style="color: #000000;">Hamilton, Bermuda</div>
    <div>&#160;</div>
    <div style="color: #000000;">Contact:</div>
    <div style="color: #000000;">Magnus Vaaler: CFO, +44 1224 289208</div>
    <div><br>
    </div>
    <div><br>
    </div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
