SDLP - Deferral of First Quarter Distribution Decision
London, United Kingdom, April 28, 2017 - Seadrill Partners LLC ("SDLP" or "the Company") announces that it has deferred its first quarter 2017 distribution decision until an agreement is reached with its lending banks to insulate itself from potential events of default by Seadrill Limited should Seadrill Limited require the use of in court processes, such as schemes of arrangement or chapter 11 proceedings, to implement its restructuring. Discussions with our lending banks are well advanced and we expect to reach an agreement by the end of May, prior to the implementation of the