Macquarie Infrastructure Corporation Announces Conversion Ratio Adjustment to Convertible Notes Due 2019
March 13 2018 - 8:42AM
Business Wire
- Conversion ratio increased to 12.4912
shares
- Increase reflects impact of dividends
paid on common shares
MIC (Macquarie Infrastructure Corporation) (NYSE: MIC) announced
an adjustment to the conversion ratio applicable to its 2.875%
Convertible Senior Notes due 2019. The conversion ratio for the
Notes increased to 12.4912 shares of common stock per $1,000
principal amount effective March 5, 2018. This adjustment reflects
the impact of dividends paid by the Company to holders of common
stock.
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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