Key Developments: Seadrill Partners LLC (SDLP.N)

SDLP.N on New York Stock Exchange

15.65USD
19 Dec 2014
Price Change (% chg)

$0.15 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

Seadrill Partners LLC declares $0.5525 per unit cash distribution
Tuesday, 28 Oct 2014 09:15am EDT 

Seadrill Partners LLC:Seadrill Partners LLC says its board of directors has declared a quarterly cash distribution of $0.5525 per unit on the quarter ended Sept. 30.The distribution represents an increase of about 2 pct from Q2 2014.Year to date in 2014 distributions will have increased from $0.4450 for Q4 2013 to $0.5525 for Q3 2014, which equates to 24 pct increase.  Full Article

Seadrill Partners prices its public offering at $32 per share
Wednesday, 24 Sep 2014 10:38am EDT 

Seadrill Partners LLC:Announces pricing of public offering.Says it has priced 8,000,000 common units for total estimated gross proceeds of about $256 million.  Full Article

Seadrill Partners LLC declares quarterly cash distribution
Sunday, 27 Apr 2014 08:00pm EDT 

Seadrill Partners LLC:declared a quarterly cash distribution with respect to the quarter ended March 31, 2014 of $0.5075 per unit, which represents an increase of 14 pct from the fourth quarter of 2013.  Full Article

SeaDrill Ltd to sell the ultra-deepwater drillship, the West Auriga to Seadrill Partners LLC
Tuesday, 11 Mar 2014 04:38pm EDT 

SeaDrill Ltd:Entered into agreement with Seadrill Partners.The company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51pct owned subsidiary all of the ownership interests in the entities that own and operate the drillship, the West Auriga.  Full Article

Seadrill Partners LLC declares quarterly cash distribution
Wednesday, 29 Jan 2014 06:34am EST 

Seadrill Partners LLC:Says board of directors has declared a quarterly cash distribution with respect to the quarter ended Dec. 31, 2013 of $0.445 per unit, which represents an increase of 4.1 pct from the Q3 2013.Says this cash distribution will be paid on Feb. 14, to all unitholders of record as of the close of business on Feb. 7.  Full Article

Seadrill Partners LLC announces full exercise of underwriters' option, closing of public offering and closing of private placement to SeaDrill Ltd
Monday, 9 Dec 2013 02:00pm EST 

Seadrill Partners LLC:Says its previously announced public offering of 11,200,000 common units representing liability company interests at a price of $29.50 per common unit has closed.Says in addition, the underwriters exercised in full their option to purchase an additional 1,680,000 common units.Says the total number of common units sold in the Offering was therefore 12,880,000.Says concurrently with the closing of the Offering, SeaDrill Ltd purchased directly from the company 3,394,916 common units at a price of $29.50 per unit.Intends to use the net proceeds to fund its portion of the cash purchase price in connection with proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius, respectively.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets acted as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities acted as co-managers, in connection with the Offering.  Full Article

Seadrill Partners LLC announces pricing of public offering of 11,200,000 common units
Wednesday, 4 Dec 2013 02:17am EST 

Seadrill Partners LLC:Says it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit.Says the company has granted the underwriters a 30-day option to purchase up to an additional 1,680,000 common units.Says in addition, and concurrently with the closing of the public offering, Seadrill Limited has agreed to purchase directly from the company 3,394,916 common units at a price of $29.50 per unit.Says it intends to use the net proceeds from the public offering and the concurrent private placement to Seadrill to fund its portion of the cash purchase price.Says which is in connection with the previously announced proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius, respectively.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets are acting as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities are acting as co-managers, in connection with the offering of common units.  Full Article

Seadrill Partners LLC announces public offering of 12,900,000 common units
Monday, 2 Dec 2013 04:21pm EST 

Seadrill Partners LLC:Says that it plans to offer 12,900,000 common units representing liability company interests in a public offering.Says In addition, and concurrently with the closing of the public offering, Seadrill Limited has agreed that it will purchase $50.0 million of common units at the public offering price.Says the company intends to use the net proceeds from the public offering to fund its portion of the cash purchase of proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets are acting as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities are acting as co-managers, in connection with the offering of common units.  Full Article

Seadrill Partners LLC Announces Third Quarter 2013 Cash Distribution
Friday, 25 Oct 2013 08:51am EDT 

Seadrill Partners LLC announced that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2013 of $0.4275 per unit. This represents an increase of 2.4% from the second quarter of 2013. As already announced in connection with the acquisition of the tender rig T-16, the Company`s management has recommended to the Board that the quarterly distribution rate be increased by between USD0.025 and USD0.03 per quarter, an approximate 7% increase, effective for the distribution in respect of the quarter ending December 31, 2013. The Board has however decided to approve an earlier commencement of part of this increase with the balance of the increase to be considered for the fourth quarter of 2013. This cash distribution will be paid on November 14, 2013 to all unitholders of record as of the close of business on November 7, 2013.  Full Article

Seadrill Partners LLC Agrees To Acquire The Tender Rig T-16
Friday, 11 Oct 2013 08:54am EDT 

Seadrill Partners LLC announced that it has entered into an agreement to acquire the Company that owns the tender rig T-16 from Seadrill Limited for a total purchase price of USD200 million, less approximately USD93 million of debt outstanding under the credit facility secured by the T-16. Seadrill Partners will acquire the Company that owns the T-16 in exchange for approximately USD107 million in unregistered common units that Seadrill Partners will issue to Seadrill Limited. The number of common units to be issued to Seadrill Limited will be 3,310,622, at a price of USD32.29 which is based on the ten-day volume weighted average closing price ending on October 10, 2013 for Seadrill Partners' common units. The transaction is expected to close within October 2013. The T-16 commenced operations in September 2013 under a five-year contract with Chevron in Thailand at an initial dayrate of USD115,500. The debt secured by the T-16 matures in December 2017 and has an interest rate of LIBOR plus a margin of 3.25% per annum.  Full Article

BRIEF-Seadrill Partners increases q3 dividend to $0.5525 per unit

* Seadrill Partners LLC: declared an increased distribution for q3 of $0.5525 per unit, an increase of 2 pct over q2 distribution

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