Borr Drilling Increases Tender Offer for 2030 Notes to Any & All

Borr Drilling Limited announced that its wholly owned subsidiary, Borr IHC Limited, has increased the principal amount of its outstanding 10.375% Senior Secured Notes due 2030 that it can repurchase under its cash tender offer. The offer was expanded from $447.3 million to any and all of the 2030 Notes, of which $877.1 million (original principal) or $770.7 million (adjusted) are currently outstanding. The tender offer's financing condition was also amended, requiring the completion of a new notes offering in an aggregate principal amount of at least $2,035 million.