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Macquarie Infrastructure Announces Pricing Of Upsized Stock Offering

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Macquarie Infrastructure Company LLC (MIC) said Thursday that it has priced an underwritten public offering of 6.15 million LLC interests at a price to the public of $58.50 per share.

The size of the offering has been increased from 5.526 million shares to 6.15 million shares. Of these shares, the company is offering 3,382,500 shares and Macquarie Infrastructure Management (USA) Inc., the company's external manager, is offering 2,767,500 shares.

The company and MIMUSA have granted the underwriters a 30-day option to purchase up to an additional 507,375 and 415,125 shares, respectively.

The offering is is expected to close on May 8.

The company expects to use the net proceeds from the primary offering of 3,382,500 shares, together with cash on hand and drawings under a proposed $465.0 million debt facility of its Atlantic Aviation subsidiary, to repay in full the existing long-term debt of Atlantic Aviation.

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