HAMILTON, Bermuda, Aug. 2, 2019 /PRNewswire/ -- Borr Drilling
Limited (NYSE: BORR) (OSE: BDRILL) (the "Company" or "Borr
Drilling") today announced that the underwriters of the Company's
previously announced U.S. initial public offering (the "Offering")
have exercised their over-allotment option in full to purchase an
additional 750,000 common shares at the IPO public offering price
of $9.30 per share, less underwriting
discounts and commissions. As a result, the total number of shares
sold in the Offering was 5,750,000, with settlement of the
Offering, including the over-allotment shares, expected to occur
today.
Goldman Sachs & Co. LLC and DNB Markets, Inc. are acting as
joint book-running managers for the Offering. BTIG, LLC, Citigroup
Global Markets Inc., Danske Markets Inc., Evercore Group L.L.C. and
Fearnley Securities, Inc. are also acting as book-running managers
for the Offering.
Copies of the final prospectus relating to the Offering may be
obtained from Goldman Sachs & Co. LLC, Prospectus Department,
200 West Street, New York, NY
10282, telephone: 1-866-471-2526 or by emailing
Prospectus-ny@ny.email.gs.com or from DNB Markets, Inc., 200 Park
Ave, Floor 31, New York, NY 10166,
telephone: 1-212-681-3800.
A registration statement relating to this Offering was declared
effective by the U.S. Securities and Exchange Commission on
July 30, 2019. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
This announcement does not constitute an offer to subscribe to
or a solicitation of an offer to subscribe to securities in any
member state within EEA in which such offer or solicitation is
unlawful, unless in reliance upon applicable EEA prospectus
exceptions, whereby no EEA prospectus, registration or similar
action would be required within EEA.
Contact details:
Svend Anton Maier,
Chief Executive Officer,
Borr Drilling Management,
+47-41427129
Rune Magnus Lundetræ
Chief Financial Officer
Borr Drilling Management
+47-90088411
rmlundetrae@borrdrilling.com
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act
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SOURCE Borr Drilling Limited