6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

April 30, 2020

Borr Drilling Limited

S. E. Pearman Building

2nd Floor 9 Par-la-Ville Road

Hamilton HM11

Bermuda

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Financial Statements and Exhibits.

Exhibit	Description
99.1	Press release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		BORR DRILLING LIMITED
Date:	April 30, 2020	By:	/s/ Svend Anton Maier
			Svend Anton Maier
			Chief Executive Officer

EX-99.1

Exhibit 99.1

Borr Drilling Limited – Sale of two standard jack-up drilling rigs

A wholly owned subsidiary of Borr Drilling Limited (the “Company”) (NYSE: “BORR”, OSE: “BDRILL”), has on April 30, 2020, sold two standard jack-up drilling rigs, the “Dhabi II” and the “Paragon B152”, for total cash proceeds of $15.8 million, including the associated backlog effective from April 1, 2020.  The Company will continue to operate the rigs under a services agreement which will ensure continuity for our customer.  The rigs are unencumbered, and the liquidity effect for the Company is equal to the sales proceeds. The Company expects to record a gain of approximately $11.5 million.

The sale of the rigs is in line with the Company’s long term strategy to focus on the operation of its core fleet of modern jack-up drilling rigs.

April 30, 2020

Borr Drilling Limited

Hamilton, Bermuda

Forward looking statements

This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", “will” and similar expressions and include statements relating to the sale of two rigs, that the Company will continue to operate the rigs, expected gain to be recorded and the Company's strategy and other non-historical matters.  Such forward-looking statements are subject to risks,  uncertainties and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, including risks related to continued operation of the rigs and accounting treatment of the sale and other factors described in the section entitled “Risk Factors” in our filings with the Securities and Exchange Commission.  These forward-looking statements are made only as of the date of this release. We do not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.