Macquarie Infrastructure noteholders tender 79.8% of 2% convertibles

Chicago, Oct. 22 – Macquarie Infrastructure Corp. announced the results of its offer to purchase all $34,039,000 outstanding of the 2% convertible senior notes due 2023 after the offer ended at midnight ET on Oct. 21, according to a press release.

Noteholders tendered, and did not withdraw, $26,947,000 of the notes, representing around 79.8% of the total notes outstanding.

The company expects to pay $26,978,528, an amount that includes interest to the expected Oct. 22 settlement date.

If the settlement date is not extended, the amount payable will be $1,001.17 per note.

After settlement, there will be $6,821,000 of the notes outstanding.

As previously reported, the repurchase offer is mandated as part of the terms and conditions of the notes because the sale of the company’s Atlantic Aviation business on Sept. 23 constitutes a fundamental change.

Noteholders had the right to require the company to repurchase the notes at par.

Wells Fargo Bank, NA is the trustee, paying agent and conversion agent (800 344-5128, bondholdercommuications@wellsfargo.com).

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

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