S&P Assigns 'BB-/B' Rating to Seadrill Partners (SDLP)
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Moody's Affirms Seadrill Partners LLC (SDLP) at 'Ba3'; Notes Weak Q1 Performance
June 6, 2014 1:55 PM EDTMoody's Investors Service today affirmed Seadrill Partners LLC's (SDLP) corporate family rating (CFR) at Ba3, and probability of default rating (PDR) at Ba3-PD. Moody's also assigned a Ba3 definitive rating to the $1.8 billion senior secured term loan due 2021, borrowed by Seadrill Operating LP and Seadrill Partners Finco LLC, subsidiaries of SDLP, which the company is seeking to increase with a $1 billion add-on, as well as assigning a Baa3 rating to the $100 million first out secured revolving credit facility (RCF) due 2019, borrowed by Seadrill Operating LP, Seadrill Partners Finco LLC, and Seadrill Capricorn Holdings LLC, also a subsidiary of... More
