| Issuer / Guarantor | Borr Drilling Limited |
|---|---|
| Size | USD 300mn |
| Type | Convertible |
| Leads | Morgan Stanley, Clarksons Securities |
| Maturity | 01 May 2033 (7 years) |
| Coupon | 3.5% (3.375 - 3.875%) |
| Premium | 40.35% (35 - 40%) |
| Calls | NC4; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 14 Apr 2026 |