Crisis-stricken Borr Drilling gets green light for rescue plan

Hard-pressed offshore company Borr Drilling secures creditor approval for its crisis plan. Banking major DNB recently announced that it was prepared to take over or sell the company, founded by Tor Olav Trøim, if a solution was not found.

BY TRINE VESTERGAARD, SHIPPINGWATCH

The creditors of strained offshore company Borr Drilling accept the rescue plan presented shortly before the turn of the year.

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