MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023
October 12 2021 - 10:53AM
Business Wire
- Conversion ratio increased to 162.9223 units
- Increase reflects distribution related to Atlantic Aviation
sale
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, www.sec.gov 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 bondholdercommunications@wellsfargo.com.
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 www.macquarie.com/mic.
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: https://www.businesswire.com/news/home/20211012005843/en/
Investors Jay A. Davis Investor Relations MIC +1
212-231-1825
Media Lee Lubarsky Corporate Communications MIC +1
212-231-2638
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