Small font size A Larger text size A Largest text size A

Borr Drilling Plans $250 Million Offering of Senior Notes due 2033

BY MT Newswires | CORPORATE | 05:32 PM EDT

05:32 PM EDT, 04/14/2026 (MT Newswires) -- Borr Drilling (BORR) said late Tuesday it plans to offer $250 million of convertible senior notes due 2033 to qualified institutional buyers.

The company said it will grant initial buyers a 13-day overallotment option to buy up to an additional $37.5 million of the notes.

Ner proceeds will be used to repurchase existing convertible bonds due 2028 and for general corporate purposes, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

Treasury chief says US growth may exceed 3% or 3.5% this year despite Iran war BY Reuters |ECONOMIC 07:10 PM EDT
Treasury chief says US growth may exceed 3% or 3.5% this year despite Iran war BY Reuters |ECONOMIC 07:08 PM EDT
$142K Grant from FHLB Dallas and First Federal Bank of Louisiana Enables Nonprofit to Help Louisiana Homeowners Resolve Property Ownership Issues BY Business Wire |AGENCY 06:17 PM EDT
Borr Drilling Plans $250 Million Offering of Senior Notes due 2033 BY MT Newswires |CORPORATE 05:32 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article