Borr Drilling Completes $84 Million Equity Offering for Rig Acquisition

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialThe latest announcement is out from Borr Drilling ( (BORR) ). On December 10, 2025, Borr Drilling Limited announced the settlement of its public offering of 21 million common shares at $4.00 each, raising $84 million. The proceeds, along with funds from a debt offering and seller financing, will be used to acquire five premium jack-up rigs and for general corporate purposes, potentially impacting the company’s operational capacity and market positioning. The most recent analyst rating on (BORR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page. Spark’s Take on BORR Stock According to Spark, TipRanks’ AI Analyst, BORR is a Neutral. Borr Drilling’s overall stock score is driven by strong technical momentum and a positive earnings call, despite financial challenges related to high leverage and cash flow issues. The valuation is fair with an attractive dividend yield, but risks from sanctions and operational disruptions in Mexico weigh on the outlook. To see Spark’s full report on BORR stock, click here. More about Borr Drilling Borr Drilling Limited operates in the oil and gas industry, focusing on the provision of offshore drilling services. The company specializes in the acquisition and operation of jack-up rigs, which are used for drilling in shallow waters. Average Trading Volume: 4,756,937 Technical Sentiment Signal: Buy Current Market Cap: $1.16B For an in-depth examination of BORR stock, go to TipRanks’ Overview page.