SDLP - Seadrill Partners LLC Third Quarter 2016 Cash Distribution
October 27 2016 - 12:29AM
London, United Kingdom, October
27, 2016 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill
Partners" or the "Company") announced today that its board of
directors has declared a quarterly cash distribution with respect
to the quarter ended September 30, 2016 of $0.10 per unit, in line
with the second quarter distribution.
This cash distribution will be paid on or about
November 14, 2016 to all unitholders of record as of the close of
business on November 7, 2016.
FORWARD LOOKING
STATEMENTS
This news release includes forward looking
statements. Such statements are generally not historical in nature,
and specifically include statements about the Company's plans,
strategies, business prospects, changes and trends in its business
and the markets in which it operates. In particular, statements
regarding projected changes in the Company's cash distributions,
liquidity, amount of the Company's estimated maintenance and
replacement capital expenditures, the Company's anticipated growth
strategies and its ability to re-contract its drilling rigs are
considered forward looking statements. These statements are made
based upon management's current plans, expectations, assumptions
and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions
that could cause actual results to differ materially from those
expressed or implied in the forward looking statements, which speak
only as of the date of this news release. Important factors that
could cause actual results to differ materially from those in the
forward looking statements include, but are not limited to the
performance of the drilling rigs in the Company's fleet; delay in
payment or disputes with customers; fluctuations in the
international price of oil; changes in governmental regulations
that affect the Company or the operations of the Company's fleet;
increased competition in the offshore drilling industry; hire rates
and factors affecting supply and demand for drilling rigs; the
financial condition of the Company's existing or future customers;
and general economic, political and business conditions globally.
Consequently, no forward looking statement can be guaranteed. When
considering these forward looking statements, you should keep in
mind the risks described from time to time in the Company's filings
with the SEC, including its Annual Report on Form 20-F (File No.
001-35704).
The Company undertakes no obligation to update any
forward looking statements to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to
time, and it is not possible for us to predict all of these
factors. Further, the Company cannot assess the impact of each such
factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially
different from those contained in any forward looking
statement.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Seadrill Partners LLC via Globenewswire
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