SDLP - Seadrill Partners Receives Court Approval of "First Day" Motions
London, United Kingdom, December 7, 2020 – On Friday, December 4, the Southern District of Texas Bankruptcy Court overseeing Seadrill Partners LLC’s (the “Company”) chapter 11 restructuring proceedings granted the relief requested in the Company’s first-day motions related to ordinary course business activities. The approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, continue to utilize its cash management system and continue to pay critical third-party suppliers and vendors. The Company intends to