SDLP - Seadrill Partners LLC Reduces Quarterly Cash Distribution to 1 cent per unit
London, United Kingdom, January 22, 2019 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill Partners" or the "Company") announces today that it will reduce the quarterly distribution to its common unitholders from 10 cents per unit to 1 cent per unit. The move reflects the slower than anticipated recovery in dayrates and the Company's desire to preserve liquidity ahead of debt maturities in the second half of 2020 and first quarter of 2021. The fourth quarter cash distribution will be paid on February 14, 2019 to all unitholders of record as of the close of business on February 7, 2019.