Macquarie Infrastructure increases conversion ratio for 2.875% notes

By Wendy Van Sickle

Columbus, Ohio, July 14 – Macquarie Infrastructure Corp. increased the conversion ratio for its 2.875% convertible senior notes due 2019 to 12.0091 shares of common stock per $1,000 principal amount, effective July 15.

The adjustment reflects dividends paid during the previous year, according to a press release.

The company issued $350 million of the convertible notes on July 15, 2014.

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

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