SDLP - Deferral of Fourth Quarter Distribution Decision
London, United Kingdom, January 31, 2018 - Seadrill Partners LLC ("SDLP" or "the Company") announces that it has deferred its fourth quarter 2017 distribution decision pending completion of an agreement with its lenders related to its $2.8 billion Term Loan B ("TLB") credit facility. The Company has an agreement in principle, subject to final documentation, with TLB lenders representing approximately 50% of amounts outstanding related to certain amendments to the TLB credit agreement. Consent of lenders representing greater than 50% of TLB amounts outstanding and secured lending banks