NT 20-F 1 formnt20f.htm NT 20-F

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 12b-25
 
NOTIFICATION OF LATE FILING
 
Commission File Number: 001-39007

 
(Check one):
☐ Form 10-K ☒ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR
 
 
For Period Ended: December 31, 2019
 
 
 
 
Transition Report on Form 10-K
 
Transition Report on Form 20-F
 
Transition Report on Form 11-K
 
Transition Report on Form 10-Q
 
Transition Report on Form N-SAR
 
 
 
 
For the Transition Period Ended: ____________________
 
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
 
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not applicable
 
PART I - REGISTRANT INFORMATION
 
Borr Drilling Limited
 
Full Name of Registrant
 
 
 
 
 
Former Name if Applicable
 
 
 
S.E. Pearman Building
2nd Floor 9 Par-la-Ville Road
 
Address of Principal Executive Office (Street and Number)
 
   
Hamilton HM11 Bermuda
 
City, State and Zip Code
 
   
 


PART II - RULES 12b-25(b) AND (c)
 
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

 
 (a)
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
 
 
 
 (b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
 
 
 
 
 (c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
 
 
 

  
PART III - NARRATIVE
 
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR or the transition report or portion thereof, could not be filed within the prescribed time period.
 
Borr Drilling Limited (the “Registrant”) is unable to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2019 (the “Report”) by the prescribed date without unreasonable effort or expense, because the Registrant needs additional time to complete certain disclosures and exhibits to be included in the Report. The original filing date applicable to the Registrant was April 30, 2020. On April 30, 2020, due to the impact of COVID-19, the Registrant filed a report of a foreign private issuer on Form 6-K to extend the filing date to June 15, 2020, pursuant to the order promulgated by the Securities and Exchange Commission on March 4, 2020 in Release No. 34-88318 relating to the Securities Exchange Act of 1934, as amended, as modified on March 25, 2020 in Release No. 34-88465. On June 5, 2020, the Registrant announced it had obtained significant amendments to facilities from its secured lenders and shipyards and related updates. Due to the time and management resources necessary to complete the foregoing amendments and finalize certain related disclosures and exhibits to be included in the Report, the Registrant required an additional few hours to compile required information to complete the Report. The Registrant is filing the Report concurrently with this form. In accordance with Rule 12b-25 promulgated under the Securities Exchange Act of 1934, as amended, the Registrant will have filed the Report within fifteen calendar days following the prescribed due date in compliance with Rule 12b-25(b).

PART IV - OTHER INFORMATION
 
(1)
Name and telephone number of person to contact in regard to this notification
 
Georgina Sousa
 
+1(441)
 
737-0152
(Name)
 
(Area Code)
 
(Telephone Number)
 
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ☒  Yes  ☐ No

(3)
Is it anticipated that any significant change in results of operation for the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☐ Yes   ☒ No
 
 
 
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
 


Borr Drilling Limited
(Exact name of Registrant as specified in its Charter)
 
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date: June 15, 2020
By:
/s/ Svend Anton Maier
 
 
 
Name: Svend Anton Maier
 
 
 
Title:   Chief Executive Officer