Borr Drilling secures capital for creditors through share emission
With a share issuance of USD 30m, debt-ridden drilling firm Borr Drilling has raised fresh capital for covering payments to major creditors. Norwegian investor and Borr Drilling co-owner Tor Olav Trøim has bought a portion of the shares.
BY JENS THOMSEN, SHIPPINGWATCH, TRANSLATED BY JONAS SAHL HOLLÆNDER
Financially strained offshore company Borr Drilling has carried out a share emission on the Oslo Stock Exchange to raise a total of USD 30m, the company writes in a statement.
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