reports
SDLP - Seadrill Partners LLC 2019 AGM Results Notification
SDLP - Seadrill Partners LLC 2019 AGM Results Notification London, United Kingdom, December 19, 2019 - Seadrill Partners LLC (the “Company”) advises that the 2019 Annual Meeting of the Members of the Company was held on December 19, 2019 at 11:00 am London time, at 2nd Floor, 566 Chiswick High Road, Building 11, Chiswick Business Park, London W4 5YS, United Kingdom. The following proposals were approved: To elect Andrew Cumming as a Class III Director of the Company whose term will expire at the 2022 Annual Meeting of Members; and To elect Keith MacDonald as a Class III Director of the C...
SDLP - Seadrill Partners LLC Announces Third Quarter 2019 Results
SDLP - Seadrill Partners LLC Announces Third Quarter 2019 Results Highlights Operating revenue of $184.8 millionOperating income of $13.0 millionNet loss of $54.2 millionAdjusted EBITDA of $91.9 millionCash and cash equivalents of $653.6 millionEconomic utilization of 95%Order backlog of $512 million as of November 21, 20191 cent per common unit distribution for the third quarter of 2019 Financial Results Overview Total operating revenues for the third quarter were $184.8 million (2Q19: $178.5 million). The increase was primarily due to a full quarter of operations for the West Aquarius a...
SDLP – Q3 2019 earnings release date and conference call information
SDLP – Q3 2019 earnings release date and conference call information London, United Kingdom, November 14, 2019 - Seadrill Partners LLC is scheduled to release its third quarter 2019 results on Thursday November 21st, 2019. A conference call and webcast will be held at 10:30 a.m. EST / 3:30 p.m. GMT on Thursday November 21st, 2019. To participate, the following options are available: A. Webcast B. Conference call Those without internet access or unable to pre-register may join the call by dialling: USA: International: The participants will be required to request the Seadr...
SDLP – Notice of 2019 Annual Meeting of Members
SDLP – Notice of 2019 Annual Meeting of Members London, United Kingdom, November 12, 2019 - Seadrill Partners LLC announces today that it has scheduled its 2019 Annual Meeting. Notice is hereby given that the Annual Meeting of Members will be held on December 19, 2019. Holders of common units at the close of business on November 22, 2019 will be entitled to vote at the meeting. The notice, agenda and associated material will be available on our website on November 22, 2019.
SDLP - Seadrill Partners LLC Third Quarter 2019 Cash Distribution
SDLP - Seadrill Partners LLC Third Quarter 2019 Cash Distribution 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 statemen...
SDLP – Amendments to Certain Credit Facilities
SDLP – Amendments to Certain Credit Facilities London, United Kingdom, September 26, 2019 - Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces the successful completion of amendments to three of its secured credit facilities (the “Facilities”) to remove a clause requiring the Company to maintain a listing on the NYSE or the Oslo Stock Exchange. The amendments relate to $350 million in aggregate amounts of debt outstanding as at June 30, 2019 secured by the West Vela, West Polaris, T-15 and T-16. All voting lenders consented to the amendments, far exceeding the required ...
SDLP - Suspension of Trading from the NYSE and Commencement of NYSE De...
SDLP - Suspension of Trading from the NYSE and Commencement of NYSE Delisting Procedures London, United Kingdom, September 6, 2019 - Seadrill Partners LLC (NYSE: SDLP) (“Seadrill Partners” or the “Company”) has received notification from The New York Stock Exchange (the “NYSE”) that trading in the Company’s common units has been suspended and proceedings to delist the Company’s common units have commenced. The NYSE reached its decision due to the Company’s low market capitalization pursuant to Section 802.01B of the NYSE’s Listed Company Manual. The Company expects its common units to trad...
SDLP - Seadrill Partners LLC Announces Second Quarter 2019 Results
SDLP - Seadrill Partners LLC Announces Second Quarter 2019 Results Highlights Operating revenue of $178.5 million. Operating income of $5.0 million. Net loss of $38.8 millionAdjusted EBITDA of $79.8 million. Cash and cash equivalents of $712.1 million.Economic utilization of 84%, below our historical performance standards due to West Auriga downtimeOrder backlog of $692 million as of August 20, 2019.1 cent per common unit distribution for the second quarter of 2019. Subsequent EventsOn July 2, 2019, a one-for-ten reverse unit split was completed. Split-adjusted SDLP common units continue ...
SDLP – Q2 2019 earnings release date and conference call information
SDLP – Q2 2019 earnings release date and conference call information London, United Kingdom, August 9, 2019 - Seadrill Partners LLC is scheduled to release its second quarter 2019 results on Tuesday August 20th, 2019. A conference call and webcast will be held at 10:30 a.m. EDT / 3:30 p.m. BST on Tuesday August 20th, 2019. To participate, the following options are available: A. Webcast B. Conference call Those without internet access or unable to pre-register may join the call by dialling: USA: International: The participants will be required to request the Seadrill Partner...
SDLP - Seadrill Partners LLC received early termination notice for the...
SDLP - Seadrill Partners LLC received early termination notice for the West Vencedor London, United Kingdom, August 2, 2019 - Seadrill Partners LLC ("SDLP" or "the Company") has received an early termination notice for the West Vencedor contract offshore Cote d’Ivoire prior to its commencement which was expected in Q3 2019. The unit had recently completed its work in Myanmar and will now stay in Southeast Asia to be marketed for additional opportunities. Seadrill Partners is expected to receive a lump sum early termination payment in Q3 2019 of approximately the amount of adjusted EBITDA ...
SDLP - Seadrill Partners LLC Announces Reduction to Quarterly Cash Dis...
SDLP - Seadrill Partners LLC Announces Reduction to Quarterly Cash Distributions London, United Kingdom, July 25, 2019 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill Partners" or the "Company") announces today that it will reduce the quarterly distribution to its common unitholders to 1 cent per unit, down from the reverse split adjusted first quarter level of 10 cents per unit. While we continue to see improvements in tendering activity and dayrates, the reduced distribution level reflects the Company's desire to preserve liquidity ahead of debt maturities in the second half of 2020 a...
Seadrill Partners Announces Completion of Its One for Ten Reverse Unit...
Seadrill Partners Announces Completion of Its One for Ten Reverse Unit Split London, United Kingdom, July 2, 2019 —Seadrill Partners LLC (the “Company” or “SDLP”) (NYSE: SDLP) has completed its previously announced one-for-ten reverse unit split. Pursuant to the reverse split, every ten SDLP common units and subordinated units issued and outstanding as of July 1, 2019 (after close of market) was converted into one SDLP common unit or subordinated unit, as applicable. Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol “SDLP” an...
- Please Change Name Shruti Kulkarni
Seadrill Partners LLC: Update Following Recent Outlook Stabilization
CORPORATES CREDIT OPINION 21 December 2017 Update RATINGS Seadrill Partners LLC Domicile Marshall Islands Long Term Rating Caa2 Type LT Corporate Family Ratings Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Shruti Kulkarni +44.20.7772.1388
- Please Change Name Shruti Kulkarni
Moody's affirms Seadrill Partners at Caa2, outlook changed to stable
Rating Action: Moody's affirms Seadrill Partners at Caa2, outlook changed to stable. Global Credit Research- 13 Dec 2017. London, 13 December 2017-- Moody's Investors Service, today affirmed Seadrill Partners LLC's corporate family rating and probability of default rating at Caa2 and Caa2-PD, respectively.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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