M&A – Borr Drilling acquisition of Transocean oil rigs

Represented Borr Drilling Limited (NOTC:BORR) in connection with its $1.35 billion acquisition of Transocean Inc.’s entire fleet of jack-up oil rigs.

Borr Drilling Limited is an international drilling contractor to the oil and gas industry organized in Bermuda and headquartered in Oslo, Norway. In June 2017, Borr completed the $1.35 billion acquisition of Transocean Inc.’s entire fleet of jack-up oil rigs, comprising 10 rigs in Transocean’s fleet and 5 new-build rigs under construction. Borr secured financing for the transaction through a $800 million private placement completed in March 2017. A Seward & Kissel team led by partners James Abbott, Gary Wolfe and James Cofer, and associates Moira Maresky, David Avezbaki and Brett Cottler represented Borr Drilling in this transaction.