GlobeNewswire

SDLP – Amendments to Certain Credit Facilities

Share

London, United Kingdom, September 26, 2019 - Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces the successful completion of amendments to three of its secured credit facilities (the “Facilities”) to remove a clause requiring the Company to maintain a listing on the NYSE or the Oslo Stock Exchange.

The amendments relate to $350 million in aggregate amounts of debt outstanding as at June 30, 2019 secured by the West Vela, West Polaris, T-15 and T-16. All voting lenders consented to the amendments, far exceeding the required thresholds under each Facility.

While these amendments have eliminated requirements under the Facilities to be listed on an exchange, the Company intends to appeal the previously announced NYSE delisting determination and obtain a listing on another exchange if the appeal is not successful. As previously announced, the Company’s common units currently trade on the over-the-counter market under the symbol “SDLPF.’

FORWARD LOOKING STATEMENTS
This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. There can be no assurance that the Company’s common units will continue to trade in the OTC market, whether broker-dealers will continue to provide public quotes of the common units in this market, or whether the trading volume of the common units will be sufficient to provide for an efficient trading market.  The Company cannot provide any assurance that its appeal of the NYSE’s delisting determination will be successful or whether the common units will be listed on another exchange. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to offshore drilling market conditions including supply and demand, dayrates, customer drilling programs and effects new rigs on the market, contract awards and rig mobilizations, contract backlog, the performance of the drilling units in the Company’s fleet, delay in payment or disputes with customers, the outcome of any pending litigation, the Company’s ability to successfully employ its drilling units, procure or have access to financing, ability to comply with loan covenants, liquidity and adequacy of cash flow from operations, fluctuations in the international price of oil, changes in governmental regulations that affect the Company or the operations of the Company’s fleet, increased competition in the offshore drilling industry, and general economic, political and business conditions globally. Consequently, no forward looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s filings with the SEC. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Golar LNG Partners LP: Q3 2019 results presentation21.10.2019 14:19:00 CESTPress release

Golar LNG Partners LP 3rd Quarter 2019 results will be released before the NASDAQ opens on Tuesday November 26, 2019. In connection with this a webcast presentation will be held at 4:30 P.M (London Time) on Tuesday, November 26, 2019. The presentation will be available to download from the Investor Relations section at www.golarlngpartners.com This webcast will be immediately followed by a Q&A session. Participants will be able to join this webcast by dialling-in using the following details: a. Webcast Go to the Investors, Results Centre section at www.golarlngpartners.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer. b. Teleconference Call-in numbers: International call +44 2071 928 000 UK Free call 0800 376 7922 US Toll +1 631 510 7495 USA Free call 866 966 1396 Norway Toll +47 23 96 02 64 Norway Free call 800 51874 The participants will be asked f

Rovio Entertainment Corp.: Capital Markets Day 2019 Agenda21.10.2019 14:16:00 CESTPress release

Rovio Entertainment Corporation Press Release Oct. 21, 2019 Rovio Entertainment is organizing Capital Markets Day for analysts, institutional investors and financial media on Monday November 4th, 2019. Location: Kluuvikatu 4, 00100 Helsinki, Finland During the day Rovio’s CEO Kati Levoranta, together with members of Games leadership and other senior management, will present an overview on Rovio’s strategy, including a deep dive into the games portfolio and growth strategy. A short Q&A session is scheduled after each presentation and at the end of the day. Capital Markets Day 2019 agenda (all times in EET): 12:00-13:00 Registration & lunch 13:00-13:40 Rovio overview & strategy: winning in a dynamic growth market 13:40-13:55 Passionate, skillful teams and inspiring culture 13:55-15:10 Games - our unique approach to drive growth 15:10-15:25 Coffee Break 15:25-15:45 Angry Birds - building long-term franchise growth 15:45-16:00 Hatch - pioneering mobile game streaming 16:00-16:30 Financials

Norsk Hydro: REMINDER: Invitation - Hydro’s third quarter results 201921.10.2019 14:04:00 CESTPress release

Hydro's third quarter results 2019 will be released at 07:00 CEST (01:00 AM EDT, 06:00 UK time), on Wednesday October 23, 2019. The quarterly report and presentation slides will be available on www.hydro.com at the same time. Presentation in Oslo Hydro will host a combined analyst and press conference, in English, at its corporate headquarters at Drammensveien 260, Oslo, at 08:30 CEST the same day. The presentation will be held by President and CEO Hilde Merete Aasheim and CFO Pål Kildemo and can also be seen on webcast. To attend the presentation in Oslo, please register by sending a mail to ir@hydro.com. In addition to the webcast, where it will be possible to ask questions in writing, it will also be possible to dial in (not possible to ask questions over the phone). To join this event, please use the below “Click to Join” link 5-10 minutes prior to start time (choose “Click to Join” twice), where you will be asked to enter your phone number and registration details. The Event Confe

Norsk Hydro: PÅMINNELSE: Invitasjon - Presentasjon av Hydros resultat for tredje kvartal 201921.10.2019 14:04:00 CESTPressemelding

Hydros resultat for tredje kvartal 2019 blir offentliggjort onsdag 23. oktober 2019 kl. 07.00. Kvartalsrapporten og presentasjonsmaterialet blir samtidig gjort tilgjengelig på www.hydro.com. Presentasjon i Oslo Det blir holdt en kombinert analytikerpresentasjon og pressekonferanse ved Hydros hovedkontor i Drammensveien 260, Oslo, samme dag, kl. 08.30. Resultatet blir presentert av konsernsjef Hilde Merete Aasheim og konserndirektør for Økonomi og finans Pål Kildemo. Hele presentasjonen kan sees direkte på web-TV. For påmelding, vennligst send mail til ir@hydro.com. I tillegg til web-TV, hvor det vil være mulig å stille spørsmål skriftlig, vil det også være mulig å ringe inn (ikke mulig å stille spørsmål over telefon). Du melder deg på denne telefonkonferansen ved å klikke på lenken “Click to Join“ 5-10 minutter før start (velg “Click to Join“ to ganger), hvor du må oppgi telefonnummer og registreringsdetaljer. Konferansesystemet vil ringe tilbake på det oppgitte telefonnummeret og plas

Valmet to supply a coated board machine to Graphic Packaging International in the United States21.10.2019 14:00:00 CESTPress release

Valmet Oyj’s press release on October 21, 2019 at 3:00 p.m. EET Valmet will supply a coated board machine for Graphic Packaging International’s (GPI) mill in Kalamazoo, Michigan, in the United States. With this investment in the latest coated board technology, GPI is committing to sustainable packaging with exceptional product quality and cost competitiveness for producing coated recycled board (CRB) grades. The start-up of the machine is scheduled for the first half of 2022. The order is included in Valmet's orders received of the third quarter 2019. The value of the order is not disclosed. “Valmet has offered us innovative yet proven technology to reach our high product quality targets. We have had a long and good cooperation with Valmet. Our relationship is based on mutual trust, which is very important in large projects like this one,” says Rusty Miller, Senior Vice President, Engineering and Technology, GPI. “Valmet has a very good relationship with Graphic Packaging International

Klövern säljer 42 fastigheter i Karlstad för 2 610 mkr21.10.2019 13:10:00 CESTPressemelding

Klövern har tecknat avtal om att avyttra hela sitt fastighetsbestånd i Karlstad, bestående av 42 fastigheter, för ett sammanlagt underliggande fastighetsvärde om 2 610 mkr. Fastigheternas uthyrningsbara yta uppgår till cirka 204 000 kvm och utgörs huvudsakligen av kontor samt lager/logistik. Hyresvärdet uppgår till 247 mkr och den ekonomiska uthyrningsgraden uppgår till 95 procent. Transaktionen görs i syfte att geografiskt renodla Klöverns fastighetsportfölj till färre orter. Frånträde är planerat till den 29 november 2019. Transaktionen omfattar följande fastigheter: Barkassen 7 Bälgen 11 Kanoten 10 Stolpen 1 Barkassen 9 Druvan 13 Kulingen 4 Stolpen 6 Björnen 13 Ekorren 11 Mercurius 3 Styrmannen 5 Björnen 7 Fjädern 14 Monitorn 9 Sågen 1 Blåsten 3 Fjädern 16 Passadvinden 3 Sågen 2 Blåsten 4 Freja 13 Pinassen 2 Sågen 9 Brisen 4 Grästegen 2 Regnvinden 1 Tornadon 2 Bromsen 1 Gångjärnet 2 Skepparen 15 Tången 15 Bromsen 6 Hammaren 21 Släggan 13 Ugnen 1 Bälgen 9 Herrhagen 1:10 Spärren 7 Vän