Borr Drilling Ltd (BORR) Form 6-K — Sep 15, 2026
Borr Drilling Limited has entered into definitive agreements to divest its 51% equity interest in its Mexican joint ventures, together known as Perfomex, to its long-standing local partner, with the transaction expected to close in September 2026. Borr will retain ownership of the three jack-up rigs currently operating with PEMEX — Galar, Gersemi and Njord — and will continue participating in the underlying contracts through bareboat charter agreements, with economics expected to be largely unchanged. Njord is contracted through April 2028, while Galar and Gersemi are contracted through May 2030.
Key figures
- Rigs Retained
- 3
- Closing Expected
- September 2026
- Rigs Retained Names
- ["Galar","Gersemi","Njord"]
- Consideration Basis
- estimated net book value of equity interest in Perfomex as of July 31, 2026
- Njord Contract Through
- April 2028
- Equity Interest Divested
- 51%
- Bc Ventures Ownership Split
- 50/50
- Recent Rig Acquisitions Via JV
- 5
- Galar Gersemi Contract Through
- May 2030
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.