Form 8-K Transocean Partners LLC For: Nov 06

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November 6, 2014 4:33 PM EST


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
�
FORM�8-K
�
CURRENT REPORT
PURSUANT TO SECTION�13 OR 15(d)�OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 6, 2014

�
TRANSOCEAN PARTNERS LLC
(Exact name of registrant as specified in its charter)
�
Republic of the Marshall Islands
�
001-36584
�
66-0818288
(State or other jurisdiction of
incorporation or organization)
�
(Commission
File Number)
�
(I.R.S. Employer
Identification No.)
�
Deepwater House
Kingswells Causeway
Prime Four Business Park
Aberdeen
Scotland
United Kingdom
�
AB15 8PU
(Address of principal executive offices)
�
(zip code)
�
Registrants telephone number, including area code: +44 1224 945 100
�
�
(Former name or former address, if changed since last report)
�
Check the appropriate box below if the Form�8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
�
o����������� Written communications pursuant to Rule�425 under the Securities Act (17 CFR 230.425)
�
o����������� Soliciting material pursuant to Rule�14a-12 under the Exchange Act (17 CFR 240.14a-12)
�
o����������� Pre-commencement communications pursuant to Rule�14d-2(b)�under the Exchange Act (17 CFR 240.14d-2(b))
�
o����������� Pre-commencement communications pursuant to Rule�13e-4(c)�under the Exchange Act (17 CFR 240.13e-4(c))






Item 8.01. Other Events.

On November 6, 2014, Transocean Partners LLC (the Company) issued a press release announcing the schedule for the payment of the Company's initial quarterly distribution. The distribution is $0.2246 per unit, or approximately $15.5 million based upon the number of currently outstanding units. The distribution represents the minimum quarterly distribution of $0.3625 per unit prorated for the period from August 5, 2014, the closing date of the Company's initial public offering, through September 30, 2014. The Company will pay the initial quarterly distribution of $0.2246 in accordance with the following schedule:

"
November 13, 2014 - Ex-Dividend Date
"
November 17, 2014 - Record Date
"
November 24, 2014 - Payment Date

The Company's press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Statements regarding the proposed distribution and timing of distribution payment dates, as well as any other statements that are not historical facts, are forward-looking statements that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.




Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.��������Description

99.1������������Press Release Announcement Distribution dated November 6, 2014








SIGNATURES
�
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
�
�
TRANSOCEAN PARTNERS LLC
�
�
�
�
�
�
Date: November 6, 2014
By
/s/ Raoul F. Dias
�
�
Raoul F. Dias
�
�
Authorized Person
�






INDEX OF EXHIBITS


Exhibit No.����Description

99.1��������Press Release Announcement Distribution dated November 6, 2014






�


Analyst Contacts:����Thad Vayda����������������News Release
+1 713-232-7551

Diane Vento
+1 713-232-8015

Media Contact:����Pam Easton����������������FOR RELEASE: November 6, 2014
+1 713-232-7647


TRANSOCEAN PARTNERS LLC ANNOUNCES SCHEDULE FOR
INITIAL QUARTERLY DISTRIBUTION

ABERDEEN, SCOTLAND-November 6, 2014-Transocean Partners LLC (NYSE: RIGP) today announced the schedule for the payment of the companys initial quarterly distribution. The distribution is $0.2246 per unit, or approximately $15.5 million based upon the number of currently outstanding units. The distribution represents the minimum quarterly distribution of $0.3625 per unit prorated for the period from August 5, 2014, the closing date of the companys initial public offering, through September 30, 2014.
Third Quarter 2014 Schedule
"
November 13, 2014 - Ex-Dividend Date
"
November 17, 2014 - Record Date
"
November 24, 2014 - Payment Date

Forward-Looking Statements
The statements described in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements contain words such as "possible," "intend," "will," "if," "expect" or other similar expressions. Forward-looking statements are based on managements current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the distribution and timing of distribution payments, the securities markets generally, the impact of adverse market conditions affecting the business of Transocean Partners, adverse changes in laws including with respect to tax and regulatory matters, changes in tax estimates, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas and other factors, including those and other factors discussed in the Registration Statement, and in Transocean Partners other filings with the SEC, which are available free of




charge on the SECs website at www.sec.gov. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, Transocean Partners undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which Transocean Partners becomes aware of, after the date hereof, except as otherwise may be required by law.

About Transocean Partners
Transocean Partners is a growth-oriented limited liability company formed by Transocean Ltd. to own, operate and acquire modern, technologically advanced offshore drilling rigs. Headquartered in Aberdeen, Scotland, Transocean Partners assets consist of 51 percent interests in subsidiary companies that own and operate three ultra-deepwater drilling rigs.
For more information about Transocean Partners, please visit the website www.transoceanpartners.com.




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