MRO Magazine

Macquarie Infrastructure Corporation Announces Secondary Public Offering of Common Stock


May 27, 2015
By Business Wire News

NEW YORK

Macquarie Infrastructure Corporation (NYSE:MIC) (the “Company” or “MIC”) announced today the commencement of an underwritten public offering of 1,900,000 shares of common stock (“shares”) of the Company by Macquarie Infrastructure Management (USA) Inc. (“MIMUSA”), the manager of the Company.

In connection with the offering of shares, MIMUSA will grant the underwriter a 30-day option to purchase up to an additional 285,000 shares. MIMUSA will receive all of the proceeds from this offering. No shares are being sold by the Company.

J.P. Morgan is acting as sole bookrunner for the offering. The offering will be made under the Company’s existing shelf registration statement filed with the Securities and Exchange Commission on April 8, 2013, as amended.

Prior to the announcement of this offering, MIMUSA held approximately 6.9 million shares of MIC, or 8.7% of the MIC’s shares outstanding. Assuming the sale of 1.9 million shares, MIMUSA’s holding will be reduced to approximately 6.3% of MIC’s shares outstanding. MIMUSA held approximately 6.2% of MIC’s shares outstanding prior to the issuance of shares in settlement of fees for the first quarter.

This press release is neither an offer to sell nor a solicitation of an offer to buy shares, nor shall there be any sale of shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from J.P. Morgan via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717, or by telephone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com.

About Macquarie Infrastructure Corporation

Macquarie Infrastructure Corporation owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and several entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group. MIC-G

Forward-Looking Statements

This release contains forward-looking statements. MIC may, in some cases, use words such as “project”, “believe”, “anticipate”, “plan”, “expect”, “estimate”, “intend”, “should”, “would”, “could”, “potentially”, or “may” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements in this release are subject to a number of risks and uncertainties, some of which are beyond MIC’s control and which are described in the Company’s filings with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. These risks and uncertainties include, among other things, changes in general economic or business conditions; its ability to service, comply with the terms of and refinance debt, successfully integrate and manage acquired businesses, retain or replace qualified employees, manage growth, make and finance future acquisitions, and implement its strategy; its shared decision-making with co-investors over investments including the distribution of dividends; its regulatory environment establishing rate structures and monitoring quality of service, demographic trends, the political environment, the economy, tourism, construction and transportation costs, air travel, environmental costs and risks, fuel and gas costs; its ability to recover increases in costs from customers, reliance on sole or limited source suppliers, risks or conflicts of interests involving its relationship with the Macquarie Group and changes in U.S. federal tax law.

MIC’s actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Additional risks of which MIC is not currently aware could also cause its actual results to differ. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. The forward-looking events discussed in this release may not occur. These forward-looking statements are made as of the date of this release. MIC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

“Macquarie Group” refers to the Macquarie Group of companies, which comprises Macquarie Group Limited and its worldwide subsidiaries and affiliates. Macquarie Infrastructure Corporation is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Infrastructure Corporation.

Macquarie Infrastructure Corporation
Investor enquiries:
Jay A. Davis, 212-231-1825
Investor Relations
or
Media enquiries:
Paula Chirhart, 212-231-1239
Corporate Communications