![Milbank LLP [Trevor Truman]](https://www.milbank.com/a/web/pcWxo6m9V3qDHNFtgnezgM/8NVAVU/trevor-truman-lon-web_new-4886-5423-6070-v1.jpg "Milbank LLP [Trevor Truman]")
Milbank LLP advised the note purchasers in connection with the private placement by Borr IHC Limited, Borr Finance LLC and certain other subsidiaries of NYSE and Oslo Stock Exchange-listed Borr Drilling Limited (“Borr”) of approximately $180 million in aggregate principal amount of senior secured notes due 2030. The proceeds from the offering are intended to be used for general corporate purposes, including the delivery and acquisition costs for a newbuild rig and costs in connection with the activation of this rig.
Borr is an international shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas exploration and production industry through the ownership and operation of jack-up rigs of modern and high-specification, the provision of related equipment, and work crews to conduct oil and gas drilling and workover operations.
The Milbank team was led by Corporate Finance and Securities partners Apostolos Gkoutzinis and Trevor Truman, associate Manel Mostefaoui and legal assistant Kyriaki Kyriacou.
