Hamilton, Bermuda, February 2, 2021
Reference is made to Borr Drilling Limited’s (“Borr Drilling” or the “Company”) (NYSE and OSE: “BORR”) stock exchange releases related to the January 2021 equity offering of 51,117,647 new depository receipts and the November 2020 repair offering of 10,000,000 new depository receipts, representing the beneficial interests in the same number of the Company’s underlying common shares to be listed on the Oslo Stock Exchange (the “Equity Offerings”).
In accordance with the loan agreement for the Company’s USD 350,000,000 3.875% Senior Unsecured Convertible Bonds 2018/2023, ISIN NO0010822935, these Equity Offerings have triggered an adjustment to the conversion price to USD 31.7946 per depository receipt listed on Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.