SDLP - Seadrill Partners LLC Third Quarter 2018 Cash Distribution
October 25 2018 - 6:50AM
London, United Kingdom, October
25, 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 third quarter ended September 30, 2018, in line with
the second quarter distribution.
This cash distribution will be paid on November
14, 2018 to all unitholders of record as of the close of business
on November 7, 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 offshore
drilling markets, the Company's ability to make cash distributions,
the expected performance of the drilling units in the Company's
fleet, estimated duration of customer contracts, contract dayrate
amounts, contract backlog, forecasts of operating income and
Adjusted EBITDA and the ability of the Company and Seadrill Limited
to negotiate with lenders 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 offshore drilling market conditions
including supply and demand, dayrates, customer drilling programs
and effects new rigs on the market, contract awards and rig
mobilizations, contract backlog, the performance of the drilling
units in the Company's fleet, delay in payment or disputes with
customers, the outcome of any pending litigation, our ability to
successfully employ our drilling units, procure or have access to
financing, ability to comply with loan covenants, liquidity and
adequacy of cash flow from operations, 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, 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. 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
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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