Macquarie Infrastructure begins tender offer for 2% convertibles

By Taylor Fox

New York, Feb. 17 – Macquarie Infrastructure Corp. announced a tender offer to purchase any and all of its $402.5 million outstanding 2% convertible senior notes due 2023, according to a news release.

Macquarie will repurchase the notes at par plus interest.

The tender offer is not conditioned upon a minimum amount of notes tendered but is subject to the satisfaction or waiver of certain conditions.

The company expects to fund purchases of notes validly tendered in the offer and accepted for purchase with cash on hand.

The offer will expire at 11:59 p.m. ET on March 16.

Settlement will occur promptly following the expiration.

D.F. King & Co. Inc. (800 331-7024, 212 269-5550; macquarie@dfking.com) is the tender and information agent, and J.P. Morgan Securities LLC (866 834-4087, 212 834-4087) is the dealer manager.

New York-based Macquarie owns, operates and invests in a diversified group of infrastructure businesses that provide basic services.

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