SDLP - Seadrill Partners LLC Third Quarter 2019 Cash Distribution
12 November 2019 - 3:37PM
London, United Kingdom, November 12, 2019 - Seadrill
Partners LLC (OTCQB:SDLPF) ("Seadrill Partners" or the "Company")
announces today that a distribution of $0.01 per unit has been
declared with respect to the third quarter ended September 30,
2019, in line with the second quarter distribution.
The third quarter cash distribution will be paid on November 27,
2019 to all unitholders of record as of the close of business on
November 22, 2019.
FORWARD LOOKING STATEMENTSThis 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
those contained in any forward-looking statement.
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