Item 1.02. Termination of a Material Definitive Agreement.
In connection with the previously announced completion of the sale by Macquarie
Infrastructure Corporation (the "Company") of its International-Matex Tank
Terminals business, all commitments under the Amended and Restated Credit
Agreement (the "Credit Agreement"), dated as of January 3, 2018, among the
Company, as borrower, MIC Ohana Corporation, as guarantor, J.P. Morgan Chase
Bank, N.A. , as administrative agent and the lenders party thereto, were
terminated effective January 19, 2021. The Credit Agreement provided for up to
$600 million in revolving credit facility borrowings. There were no borrowings
outstanding under the Credit agreement at the date of termination.
In the ordinary course of business, certain lenders under the Credit Agreement
and their related entities have provided, and may in the future provide,
investment banking and commercial banking or other financial services to the
Company for which they have received, and may in the future receive, customary
compensation and expense reimbursement. Macquarie Capital Funding LLC, a lender
under the Credit Agreement, is an affiliate of the Company's manager, Macquarie
Infrastructure Management (USA) Inc.
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