<SEC-DOCUMENT>0001140361-24-036678.txt : 20240812
<SEC-HEADER>0001140361-24-036678.hdr.sgml : 20240812
<ACCEPTANCE-DATETIME>20240809181449
ACCESSION NUMBER:		0001140361-24-036678
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240809
FILED AS OF DATE:		20240812
DATE AS OF CHANGE:		20240809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Borr Drilling Ltd
		CENTRAL INDEX KEY:			0001715497
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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:		241194258

	BUSINESS ADDRESS:	
		STREET 1:		S.E. PEARMAN BUILDING
		STREET 2:		2ND FLOOR 9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		4722483000

	MAIL ADDRESS:	
		STREET 1:		S.E. PEARMAN BUILDING
		STREET 2:		2ND FLOOR 9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20033930_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;">August 9, 2024</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">Commission File Number 001-39007</div>
        <div>&#160;</div>
        <div>
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        <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>
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        <div> <br>
        </div>
        <font style="font-style: normal;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form&#160;40-F:</font>
        <div style="font-style: normal;">&#160;</div>
        <div style="text-align: center; font-style: normal;">Form&#160;20-F &#9746; Form&#160;40-F &#9744;</div>
        <div style="text-align: center; font-style: normal;">&#160;</div>
        <div style="font-style: normal;">Indicate by check mark if the registrant is submitting the Form&#160;6-K on paper as permitted by Regulation S-T Rule&#160;101(b)(1): &#9744;</div>
        <div style="text-indent: 24pt; font-style: normal;">&#160;</div>
        <div style="font-style: normal;">Indicate by check mark if the registrant is submitting the Form&#160;6-K on paper as permitted by Regulation S-T Rule&#160;101(b)(7): &#9744;</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div>
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        </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="ef20033930_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>
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        <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>
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                <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: August 9, 2024</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/ Mi Hong Yoon</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>
                  <div>Mi Hong Yoon</div>
                </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>ef20033930_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div>
      <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
        </div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Borr Drilling Limited &#8211; Announces Pricing of Additional&#160; Offering of 10.000% Senior Secured Notes due 2028 For Proceeds of $150
          million</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold; color: #000000;">Hamilton, Bermuda, </font><a name="z_Hlk71112953"></a><font style="font-weight: bold;">August 9, 2024</font>. Borr Drilling Limited (the &#8220;Company&#8221;) (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering
        of additional 10.000% senior secured notes due 2028 (the &#8220;Additional Notes&#8221;) for gross proceeds of approximately $150 million.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The Additional Notes will have the same terms and conditions as the existing $1.225 billion aggregate principal amount of senior secured notes due 2028.</div>
      <div>&#160;</div>
      <div style="text-align: justify;"><a name="z_Hlk159432743"></a>The proceeds from the offering are intended to be used for the acquisition and activation costs for the newbuild rig &#8220;Vali&#8221;, instead of
        the previously secured yard financing that was intended for the newbuild, as the terms and pricing for the Additional Notes are more advantageous, and for general corporate purposes including debt service. Settlement of the notes offering is
        expected on or about August 16, 2024 and is subject to customary closing conditions. </div>
      <div>&#160;</div>
      <div style="text-align: justify;">This information is considered to be inside information pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to section 5-12
        of the Norwegian Securities Trading Act.</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Important note</div>
      <div>&#160;</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. This
        distribution is for information purposes only and does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in the United States or in any jurisdiction in which, or to any persons to whom, such
        offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933
        (the &#8220;U.S. Securities Act&#8221;) or applicable state securities laws, and may not be offered or sold in the United States or to U.S. persons unless such securities are registered under the U.S. Securities Act, or an exemption from the registration
        requirements of the U.S. Securities Act is available. </div>
      <div>&#160;</div>
      <div style="text-align: justify; font-weight: bold;">Forward looking statements</div>
      <div>&#160;</div>
      <div style="text-align: justify;">The press release include forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including the expected closing date of
        the Additional Notes offering, the intended use of proceeds and other non-historical statements. These forward-looking statements are subject to numerous risks, uncertainties and assumptions, including risks relating to the closing of the
        Additional Notes and actual use of proceeds and other risks included in our filings with the Securities and Exchange Commission including those set forth under &#8220;Risk Factors&#8221; in our annual report on Form 20-F for the year ended December 31, 2023
        and in prospectuses filed with the Norwegian Financial Supervisory Authority (FSA). Forward-looking statements reflect knowledge and information available at, and speak only as of, the date they are made. Except as required by law, the Company
        undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date hereof or to reflect the occurrence of unanticipated events. Readers are
        cautioned not to place undue reliance on such forward-looking statements.</div>
      <div>&#160;</div>
      <div>
        <div style="color: #000000;">August 9, 2024</div>
        <div><br>
        </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><br>
        </div>
        <div style="color: #000000;">Contact:</div>
      </div>
      <div style="color: #000000;">Magnus Vaaler: CFO, +44 1224 289208</div>
      <div>&#160;</div>
      <div><br>
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