Borr Drilling amends super-senior revolving credit facility, lifts commitments to USD 250 million - BORR News | RalliesBorr Drilling amends super-senior revolving credit facility, lifts commitments to USD 250 million
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BORR• Revolving credit facility amended and expanded
- 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.
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