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Seadrill Partners LLC (SDLP.N)

SDLP.N on New York Stock Exchange

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Fri, Aug 25 2017

BRIEF-Seadrill Partners LLC qtrly total operating revenues $267.9 million versus $418.5 million

* Seadrill Partners LLC qtrly total operating revenues $267.9 million versus $418.5 million

BRIEF-Seadrill moves to insulate Seadrill Partners in restructuring

* Amendments to certain credit facilities to insulate seadrill partners from seadrill limited's restructuring

BRIEF-Seadrill Partners eyes agreement with banks during June

* Says discussions with its lending banks are well advanced and they are targeting execution of an agreement during June 2017, prior to implementation of broader Seadrill Limited restructuring

BRIEF-Seadrill Partners defers Q1 dividend decision

* Says it would defer its first quarter dividend decision until an agreement is reached with its lending banks to insulate itself from potential events of default by Seadrill Limited should Seadrill Limited require the use of in court processes, such as schemes of arrangement or chapter 11 proceedings, to implement its restructuring

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