Hamilton, Bermuda, March 12, 2025
Reference is made to Borr Drilling Limited’s (“Borr Drilling” or the “Company”) (NYSE: ”BORR”) stock exchange releases related to the distribution to shareholders of $0.02 per share as announced on February 19, 2025 (the “Dividend”).
In accordance with the loan agreement for the Company's USD 250,000,000 5% Senior Unsecured Convertible Bonds 2023/2028, ISIN NO0012828187, the Dividend has triggered an adjustment to the conversion price from USD 7.0249 to USD 6.9376 per share.
Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208
