Borr Drilling Limited (BORR) announces plans for a public offering aiming to raise $100 million in gross proceeds through approximately 50 million shares.
The company intends to use the proceeds for general corporate purposes. Certain officers and directors may participate by purchasing common shares in the offering.
Tor Olav Trøim, Patrick Schorn, and Bruno Morand have each expressed their intention to subscribe for shares valued at $10 million, $1 million, and $300,000, respectively.
