On the Record · Borr Drilling

Borr Drilling acquisitions, on the record

The businesses Borr Drilling bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Hercules Rigs Word for word“The transaction was completed on January 23, 2017 (the “Hercules Acquisition”).” 20-F for 2023	acquisition	January 23, 2017	—
Transocean subsidiaries owning 10 jack-up rigs and rights under five newbuilding contracts Word for word“On May 31, 2017, we completed the Transocean Transaction for a total price of $1,240.5 million.” 20-F for 2023	acquisition	May 31, 2017	$1,240.5 million
PPL Rigs Word for word“The consideration in the transaction with PPL (the “PPL Acquisition”) was $1,300 million, of which $55.8 million was paid per rig on October 31, 2017, and we entered into loans for delivery financing for a portion of the purchase price equal to $87.0 million per rig from PPL.” 20-F for 2023	acquisition	—	$1,300 million
Paragon Offshore plc (Paragon Transaction) Word for word“(iv) Acquisition of Paragon On March 29, 2018, we concluded the Paragon Transaction, subsequently acquiring the majority of the remaining shares in July 2018.” 20-F for 2023	acquisition	March 29, 2018	—
Seatrium five premium jack-up rigs under construction (Seatrium Acquisition) Word for word“The purchase price for the Seatrium Rigs was $742.5 million.” 20-F for 2023	acquisition	—	$742.5 million
Seatrium Hull B378 (rig renamed Thor) Word for word“We took delivery of the jack-up rig on May 9, 2019 and the rig was subsequently renamed “Thor.”” 20-F for 2023	acquisition	May 9, 2019	—
Three rigs under construction Tivar, Heidrun and Huldra Word for word“In September 2022, we entered into an agreement with a third party to sell the three rigs under construction "Tivar", "Heidrun" and "Huldra" for total consideration of $320.0 million.” 20-F for 2023	agreed divestiture	September 2022	$320.0 million
Gyme Word for word“During October 2022, t he Company entered into an agreement to sell the "Gyme" for $ 120.0 million, pursuant to an undertaking by the Company under its most recent refinancing with PPL Shipyard which was completed in October 2022.” 20-F for 2023	divestiture	—	—
Interests in Opex and Akal joint ventures (IWS operating segment) Word for word“The Company recognized a $ 3.6 million gain on disposal of Opex and Akal in "Other non-operating income" in the Consolidated Statements of Operations in the year ended December 31, 2021, as the difference between the cash consideration received of $ 10.6 million and the carrying value of the equity method investments on the date of disposal of $ 7.0 million.” 20-F for 2023	divestiture	—	—
Transocean Transaction Word for word“On May 31, 2017, we completed the Transocean Transaction for a total price of $1,240.5 million.” 20-F for 2024	acquisition	May 31, 2017	$1,240.5 million
Paragon Offshore plc Word for word“On March 29, 2018, we concluded the Paragon Transaction, subsequently acquiring the majority of the remaining shares in July 2018.” 20-F for 2024	acquisition	March 29, 2018	—
Seatrium rigs (five premium jack-up rigs under construction) Word for word“The purchase price for the Seatrium Rigs was $742.5 million.” 20-F for 2024	acquisition	—	$742.5 million
Seatrium Hull B378 (assignment from BOTL Lease Co. Ltd.) Word for word“In March 2019, we entered into an assignment agreement with BOTL Lease Co. Ltd. for the assignment of the rights and obligations under a construction contract to take delivery of one KFELS Super B Bigfoot premium jack-up rig identified as Seatrium’s Hull No.” 20-F for 2024	acquisition	March 2019	—
Tivar, Heidrun and Huldra newbuild rigs Word for word“In September 2022, we entered into an agreement with a third party to sell the three rigs under construction "Tivar", "Heidrun" and "Huldra" for total consideration of $320.0 million.” 20-F for 2024	agreed divestiture	September 2022	$320.0 million
Three newbuilding rigs (Tivar, Huldra, Heidrun) Word for word“During the quarter ended December 31, 2022, the sale of the three rigs was agreed and the Company recognized a gain on sale of $ 3.7 million (see Note 6 - Gain on Disposals).” 20-F for 2024	divestiture	quarter ended December 31, 2022	—
Jack-up rigs disposed in 2024 (rig related equipment) Word for word“Rig Related Equipment 0.4 — 0.4 Total 0.4 0.0 0.4” 20-F for 2024	divestiture	—	0.4
five premium jack-up rigs from Noble Corporation (Five-Rig Acquisition) Word for word“The Company completed the Five-Rig Acquisition in January 2026, which included acquiring the five rigs, increasing debt by $150.0 million through a seller’s credit and making an additional $174.0 million cash payment to the seller using cash on hand at December 31, 2025.” 20-F for 2025	acquisition	January 2026	—
five Singaporean jack-up rig owning entities and their five related jack-up drilling rigs (New JV Rig Acquisition) Word for word“On March 23, 2026, BC Ventures Limited, a newly established 50/50 joint venture between subsidiaries of the Company and a subsidiary of its long-term well construction partner entered into definitive agreements to acquire five Singaporean jack-up rig owning entities and their five related jack-up drilling rigs for a purchase price of $287.0 million.” 20-F for 2025	agreed acquisition	March 23, 2026	$287.0 million

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2017-12-31	$324.5 million
2018-12-31	$195.1 million
2019-12-31	$0
2020-12-31	$0

Read from Borr Drilling’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.