Walkers' Banking & Finance team in London have advised Borr Drilling Limited (NYSE and OSE: BORR) on a c.US$1.5 billion bond issuance by certain of its subsidiaries as part of a group-wide refinancing.
A team led by partner Patrick Ormond – and including senior associate Ross Wilding and associate Catherine Outerbridge advised on the Bermuda and Cayman Islands law aspects of the transaction.
Patrick said: "We are delighted to have assisted our client, Borr Drilling, on this significant transaction. Being able to provide the client with time-zone efficient support from our London office on both the Bermuda and Cayman Islands law aspects of the deal helped them to achieve their targeted timeline for the bond issuance."
The transaction saw strong demand from a wide variety of investors and was significantly oversubscribed.
Borr Drilling Limited is a Bermuda incorporated international drilling contractor which owns and operates jack-up rigs providing drilling services to the oil and gas exploration and production industry worldwide.
