SDLP - Seadrill Partners LLC First Quarter 2018 Cash Distribution
April 26 2018 - 9:00AM
London, United
Kingdom, April 26, 2018 - Seadrill Partners LLC (NYSE:
SDLP) ("Seadrill Partners" or the "Company") announces today that a
distribution of $0.10 per unit has been declared with respect to
the first quarter ended March 31, 2018, in line with the fourth
quarter distribution.
This cash distribution will be paid on
or about May 15, 2018 to all unitholders of record as of the close
of business on May 8, 2018.
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, 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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