Macquarie Infrastructure ups conversion ratio on 2.875% convertibles

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Macquarie Infrastructure Corp. increased the conversion ratio for its 2.875% convertible senior notes due 2019 to 12.3561 shares per $1,000 principal amount.

The change is effective Nov. 13 and reflects the impact of dividends paid over the past 12 months to holders of its common stock.

Macquarie Infrastructure is a New York-based owner of businesses providing basic services to customers in the United States, including bulk liquid terminals, International-Matex Tank Terminals, airport services, Atlantic Aviation, an energy services, production and distribution segment, MIC Hawaii and a contracted power segment.

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