Macquarie Infrastructure lifts conversion ratio for 2% convertibles

By Rebecca Melvin

Concord, N.H., Oct. 12 – Macquarie Infrastructure Holdings LLC increased the conversion ratio of its 2% convertible senior notes due 2023 to 162.923 units per $1,000 principal amount, according to a company news release on Tuesday.

The change became effective Oct. 8.

The adjustment reflects distribution to unitholders by the company on Oct. 7, which was related to the sale of its Atlantic Aviation business.

The notes are the subject of a repurchase offer being made only under a Sept. 23 fundamental change notice and offer to repurchase for cash.

Wells Fargo Bank NA (800 344-5128, bondholdercommunications@wellsfargo.com) is the trustee, paying agent and conversion agent for the offer to repurchase.

New York-based Macquarie owns, operates and invests in diversified infrastructure businesses.

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