SDLP - Seadrill Partners LLC Announces Pricing of Term Loan B and Revolving Loan
London, United Kingdom, February 17, 2014 - Seadrill Partners LLC ("Seadrill Partners" or the "Company") (NYSE: SDLP) announced today that it has upsized the proposed US$1.7 billion term loan B announced on January 31 to US$1.8 billion and priced the term loan at Libor plus 3%, the low end of the range. Concurrent with the term loan, the Company will obtain a US$100 million secured revolving credit facility. Subsidiaries of the Company will be the borrowers under the facilities, guaranteed by certain further subsidiaries and secured by four of the Company's ultra-deepwater drilling rigs