Macquarie Infrastructure raises conversion ratio for 2% notes

New York, Oct. 12 – Macquarie Infrastructure Corp. increased the conversion ratio for its 2% convertible senior notes due 2023 to 9.0290 shares per $1,000 principal amount, according to a news release.

The change is effective Oct. 13.

The adjustment reflects dividends paid to holders of its common stock over the past 12 months.

Previously the ratio was 8.7913 shares per $1,000.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.