Borr Drilling amends super-senior revolving credit facility, lifts commitments to USD 250 million

Reuters2026/08/12 12:17

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Borr Drilling amended its super-senior secured revolving credit facility in June 2026, lifting commitments to USD 250 million.
The revised facility cut the margin to 3% per annum, subject to adjustments, with JPMorgan Chase added as a new lender.
Termination extended to the earlier of June 10, 2031 or six months before the final maturity date of the 8.75% senior secured notes due 2032.
The facility ranks super-senior, secured by the same collateral package backing the 2032 Notes, 2034 Notes, and the USD 45 million guarantee facility.
The revolver was undrawn as of June 30, 2026; the USD 34 million senior secured revolving credit facility was cancelled.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borr Drilling Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-055957), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Borr Drilling amends super-senior revolving credit facility, lifts commitments to USD 250 million

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