MIC Increases 2017 Growth Capital Deployment Target
June 27 2017 - 7:00AM
Business Wire
MIC (Macquarie Infrastructure Corporation) (NYSE:MIC) announced
that it has increased its target for growth capital deployment in
2017 to $500 million, up from the Company’s previous target of $400
million.
“Effective deployment of growth capital is an important
component of MIC’s strategy and we are pleased to have developed
opportunities we expect will increase our level of investment in
2017,” said James Hooke, chief executive officer of MIC. “The
higher target reflects both the pace at which we have deployed
capital into previously approved projects and the attractiveness of
investment opportunities that have been identified by our
team.”
Liam Stewart, MIC’s chief financial officer, will address
attendees at the J.P. Morgan Energy Equity Investor Conference in
New York City on Tuesday, June 27, 2017. Mr. Stewart’s prepared
remarks will include a discussion of the Company’s expectations for
the deployment of growth capital over the remainder of the
year.
Mr. Stewart’s presentation is scheduled to commence at 8:00 am
Eastern Time.
A link to a live audio webcast of Mr. Stewart’s presentation
will be available via the MIC website, www.macquarie.com/mic. The
webcast will be available for replay for 90 days through September
25, 2017.
About MIC
MIC owns and operates a diversified group of businesses
providing basic services to customers in the United States. Its
businesses consist of a bulk liquid terminals business,
International-Matex Tank Terminals, an airport services business,
Atlantic Aviation, entities comprising an energy services,
production and distribution segment, MIC Hawaii, and entities
comprising a Contracted Power segment. For additional information,
please visit the MIC website at www.macquarie.com/mic. MIC-G
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170627005368/en/
MICInvestorsJay A. Davis, 212-231-1825Investor
RelationsorMichael Hacke, 212-231-6483Investor
RelationsorMediaMelissa McNamara, 212-231-1667Corporate
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