Bank DNB ready to act if Borr Drilling fails to settle rescue plan

If strained Borr Drilling is not able to settle a rescue plan, major bank DNB considers taking over or selling the company, shows a leaked document, according to Dagens Næringsliv. Founder Tor Olav Trøim is confident that a rescue plan will be settled.

Photo: Norges Rederiforbund/Norwegian Shipowners' Association

Unless Borr Drilling is able to fairly quickly settle a rescue plan, two major shareholders and creditors are prepared to take action, reports Dagens Næringsliv citing a leaked document from bank DNB.

The document shows that the Norwegian bank and British fund Hayfin have made a plan to take over, split up or downright sell Borr Drilling, if the rig company is not able to land a rescue plan quickly.

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