04:56 AM EDT, 04/15/2026 (MT Newswires) -- Borr Drilling ( BORR ) said Wednesday it has priced a $260 million offering of 3.50% senior notes due 2033.

The company has provided a 13-day period to the initial purchasers to buy up to an additional $40 million total principal amount of the notes, the drilling contractor said.

Borr Drilling ( BORR ) intends to close the offering around Friday, and plans to use the proceeds to repurchase its current convertible bonds due 2028 and for general corporate requirements.

Shares of the company were down 1.8% in Wednesday premarket activity.