Borr Drilling settles rescue plan with creditors and shipbuilders
Rig operator Borr Drilling has reached an agreement with its lenders and shipyards, which ensures the company's operations until mid-2022. The deal includes postponement of the delivery of five rigs by two years.
Strained rig operator Borr Drilling, which is hit hard by the collapse in the oil market, has now settled an agreement with its creditors.
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