MIC Macquarie Infrastructure Corporation

MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023

NEW YORK--(BUSINESS WIRE)--

Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021. The adjustment reflects the impact of the distribution to unitholders by the Company on October 7, 2021, related to the sale of its Atlantic Aviation business.

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes. The Notes are the subject of a repurchase offer being made only pursuant to the Fundamental Change Company Notice and Offer to Repurchase for Cash dated September 23, 2021, and the related materials that the Company has distributed to Note holders and filed with the Securities and Exchange Commission, including the amendment thereto filed today.

Note holders are encouraged to carefully read these documents before deciding whether to exercise their option to require the Company to purchase their Notes, as these documents contain important information regarding the details of the Company’s obligation to purchase the Notes. Holders of the Notes may obtain a free copy of these documents at the Securities and Exchange Commission’s website, or from the trustee, paying agent and conversion agent for the Offer to Repurchase, Wells Fargo Bank, National Association, by calling toll free at (800) 344-5128 or by email at .

About MIC

MIC’s businesses consist of entities comprising energy services, production, and distribution in Hawaii. For additional information, please visit the MIC website at .

MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.

EN
12/10/2021

Underlying

MICMacquarie Infrastructure Corporation

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Macquarie Infrastructure Corporation

 PRESS RELEASE
Free
MIC Macquarie Infra...

Macquarie Infrastructure Holdings, LLC Announces Results of Offer to R...

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Holdings, LLC (“MIC” or the “Company”) (NYSE: MIC) today announced the results of its offer to repurchase for cash (the “Offer to Repurchase”) any and all of its 2.00% Convertible Senior Notes due 2023 (the “Notes”). The Offer to Repurchase expired at midnight, New York City time, on October 21, 2021 (the “Expiration Date”). The Offer to Repurchase was conducted pursuant to the terms and conditions of the Indenture, dated as of July 15, 2014, between a predecessor to the Company and Wells Fargo Bank, National Association, as trustee (the “T...

October 22, 2021 1 EN
 PRESS RELEASE
Free
MIC Macquarie Infra...

MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes ...

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021. The adjustment reflects the impact of the distribution to unitholders by the Company on October 7, 2021, related to the sale of its Atlantic Aviation business. This press release is for informational purposes only and does not constitute an offer to buy or th...

October 12, 2021 1 EN
 PRESS RELEASE
Free
MIC Macquarie Infra...

MIC Announces Offer to Repurchase All 2.00% Convertible Senior Notes D...

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (“MIC” or the “Company”) today announced an Offer to Repurchase any and all of its 2.00% Convertible Senior Notes due 2023 (the “Notes”) at par plus accrued interest. As of September 23, 2021, the Company had $34,039,000 aggregate principal amount of the Notes outstanding. The Offer to Repurchase will be conducted pursuant to the terms and conditions of the Indenture, dated as of July 15, 2014, between a predecessor to MIC Corp and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as amended and s...

September 23, 2021 1 EN
 PRESS RELEASE
Free
MIC Macquarie Infra...

MIC Announces Closing of Sale of Atlantic Aviation, Record Date for Di...

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (“MIC” “Company” or “LLC”), successor to Macquarie Infrastructure Corporation, today announced the closing of the sale of its Atlantic Aviation business to KKR for $4.475 billion, including assumed debt of approximately $1.0 billion. The Company announced that it had entered into the agreement to sell Atlantic Aviation on June 7, 2021. At a meeting of the MIC board of directors following the closing, the board authorized a distribution of $37.386817 per unit payable October 7, 2021, to holders of record on October ...

September 23, 2021 1 EN
 PRESS RELEASE
Free
MIC Macquarie Infra...

MIC Announces Completion of Reorganization Into Limited Liability Comp...

NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”), today announced the completion of a previously approved corporate reorganization. As a result of the reorganization, Macquarie Infrastructure Corporation is now a subsidiary of Macquarie Infrastructure Holdings, LLC, a limited liability company treated as a partnership for tax purposes. At the close of trading on September 22, 2021, shareholders of Macquarie Infrastructure Corporation will become unitholders of Macquarie Infrastructure Holdings, LLC on a one-for-one basis without an exchange of cer...

September 22, 2021 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch