Borr Drilling rises after listing on the New York Stock Exchange

Oil rig from Fotolia 230x150
By Aidan Gregory
31 Jul 2019

Borr Drilling Ltd, the Norwegian oil and gas drilling services company, has completed its secondary listing on the New York Stock Exchange. Raising $46.5m of fresh capital and diversifying its shareholder register following a $645m debt refinancing in June.

Goldman Sachs, DNB Markets, BTIG, Citigroup, Danske Bank, Evercore and Fearnley Securities were bookrunners on the listing of 5m new shares at $9.30 a share.

The New York-listed shares rose as much as 4% at opening, and closed at $9.45 on Wednesday, up 1.6% from the ...

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