Borr Drilling Ltd

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TTM
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New Issue Deal Count

Recent New Issue

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,025.0005Nov-28Sr. SecuredB3BB-BFixedTsy11.25% a11.25% a62510.00%-97.75000
USD515.0007Nov-30Sr. SecuredB3BB-BFixedTsy11.50% a11.50% a65710.38%-97.00000
Tranche Comments
5 yr: First Pay: 2024-05-15; Redemption: 2025-11-15; Registration: 144A/Reg S; Comments: USD1.025bn 2-tranche snr sec RegS/144A. GS/DNB Markets/Citi/Clarkson/Fearnleys/Pareto. 5NC2 10% USD1.025bn Yld 11.117%. final 5NC2 T+ 625 bps vs. UST 5.250% due November 15, 2028 with 10.000% cpn & 11.117% yld, MWC: T+50. Equity Claw Back: Upto 40% at 110.000% prior to Nov 15, 2025. Call Schedule: 11/15/25 105, 11/15/26 102.50, 11/15/27 and 100; 7 yr: First Pay: 2024-05-15; Redemption: 2026-11-15; Registration: 144A/Reg S; Comments: USD515m 2-tranche snr sec RegS/144A. GS/DNB Markets/Citi/Clarkson/Fearnleys/Pareto. 7NC3 10.375% USD515m Yld 11.378%. final 7NC3 T+ 657 bps vs. UST 0.875% due November 15, 2030 with 10.375% cpn & 11.378% yld. MWC: T+50. Equity Claw Back: Upto 40% at 110.000% prior to Nov 15, 2026. Call schedule: 11/15/26 105.188, 11/15/27 102.594, 11/15/28 and 100;
Deal Comments
The deal was upsized from US$1.5bn to US$1.54bn
Use of Proceeds
Repay bank debt and general corporate purposes
Refinancing
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OXQ471.0007Invalid dateHm. Hnafmnw---AapevTYF9.625-9.875%--9.50%-615.00000
Tranche Comments
3 gn: Comments: VGG150d 3EN1.5 jxu jme 1ju bxmx. KJj GEJ(J&G)/Srumub/Nbrucjbxj, Nb-dzu Jueuxe/Gmruxbmq. SSGj 9.625%-9.875%. MKNg 18 dbxum. Nbapg 101%. LOSg 213800K2KSNGCLZS5E78;
Deal Comments
1cm Nxfc Umcp
Guarantor(s)
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Use of Proceeds
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