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Borr Drilling Completes $300 Million Convertible Notes Offering

BY MT Newswires | CORPORATE | 11:56 AM EDT

11:56 AM EDT, 04/17/2026 (MT Newswires) -- Borr Drilling (BORR) said Friday it has completed a $300 million offering of convertible senior notes due 2033, including $40 million from an over-allotment option.

Proceeds will be used to repurchase its convertible bonds due 2028 and for general corporate purposes, the firm said.

Price: 5.53, Change: +0.09, Percent Change: +1.65

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

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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.

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