Dec 2025
Conyers provided Bermuda and Cayman law advice to Borr Drilling Limited (NYSE: BORR) (“Borr Drilling”) in connection with its US$84 million equity offering of 21 million common shares and its offering of an additional US$165 million of 10.375% senior secured notes due 2030.
The proceeds will be used to finance the acquisition of five premium jack-up rigs and for general corporate purposes. The notes were issued on the same terms as Borr’s existing senior secured notes.
Conyers is also assisting Borr Drilling’s relisting of their shares on the Euronext Growth Oslo, which is expected to begin trading on 19 December 2025.
Director Marcello Ausenda and Associate Matthew MacLeod of Conyers’ Bermuda office and Partner Tommy Tuohy, Senior Associate Caroline Dekker and Associates Oliver Cross and Alexandra Sims of Conyers’ Cayman office advised on the matter alongside Skadden, Arps, Slate, Meagher & Flom LLP and Ro Sommernes.