Borr Drilling Grows Liquidity in Q2 2025
Borr Drilling (NYSE:BORR) reported its second quarter 2025 results on Aug. 13, 2025, delivering strong operational performance, a significant liquidity boost, and improved contract coverage. The following analysis highlights three pivotal developments shaping the long-term investment outlook for the offshore drilling contractor.
Borr Drilling ended the quarter with $92.4 million in cash and $150 million undrawn on its revolving credit facility, resulting in total available liquidity of $242.4 million. In July, the company completed a $102.5 million equity raise and expanded its revolving credit facilities, increasing pro forma liquidity to $425 million and positioning the balance sheet for future growth and opportunistic transactions.
This enhanced liquidity provides Borr Drilling with the flexibility to pursue strategic growth, manage debt, and capitalize on industry consolidation opportunities as market conditions evolve.
Source Fool.com
