Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MACQUARIE INFRASTRUCTURE HOLDINGS, LLC

(MIC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Macquarie Infrastructure : MIC Announces Conversion Ratio Adjustment to Convertible Senior Notes Due 2023

10/12/2021 | 10:54am EST

  • Conversion ratio increased to 162.9223 units
  • Increase reflects distribution related to Atlantic Aviation sale

Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021. The adjustment reflects the impact of the distribution to unitholders by the Company on October 7, 2021, related to the sale of its Atlantic Aviation business.

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes. The Notes are the subject of a repurchase offer being made only pursuant to the Fundamental Change Company Notice and Offer to Repurchase for Cash dated September 23, 2021, and the related materials that the Company has distributed to Note holders and filed with the Securities and Exchange Commission, including the amendment thereto filed today.

Note holders are encouraged to carefully read these documents before deciding whether to exercise their option to require the Company to purchase their Notes, as these documents contain important information regarding the details of the Company’s obligation to purchase the Notes. Holders of the Notes may obtain a free copy of these documents at the Securities and Exchange Commission’s website, www.sec.gov or from the trustee, paying agent and conversion agent for the Offer to Repurchase, Wells Fargo Bank, National Association, by calling toll free at (800) 344-5128 or by email at bondholdercommunications@wellsfargo.com.

About MIC

MIC’s businesses consist of entities comprising energy services, production, and distribution in Hawaii. For additional information, please visit the MIC website at www.macquarie.com/mic.

MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC 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 MIC.


ę Business Wire 2021
All news about MACQUARIE INFRASTRUCTURE HOLDINGS, LLC
11/08Macquarie Infrastructure Holdings, Llc Announces Executive Changes
CI
11/08KKR to Acquire Japanese Chemical Storage Business
MT
11/02Earnings Flash (MIC) MACQUARIE INFRASTRUCTURE HOLDINGS LLC Reports Q3 Revenue $60.1M
MT
11/02MIC Reports Third Quarter 2021 Financial And Operational Results
PR
11/02Macquarie Infrastructure Holdings, LLC Reports Earnings Results for the Third Quarter a..
CI
10/22MACQUARIE INFRASTRUCTURE HOLDINGS, L : Announces Results of Offer to Repurchase Its 2.00% ..
BU
10/22MIC Announces Results of Offer to Repurchase its 2.00% Convertible Senior Notes Due 202..
PU
10/12MACQUARIE INFRASTRUCTURE : MIC Announces Conversion Ratio Adjustment to Convertible Senior..
BU
10/08MACQUARIE INFRASTRUCTURE : Thinking about buying stock in Ford Motor, Macquarie Infrastruc..
PR
10/08Top Premarket Decliners
MT
More news
Analyst Recommendations on MACQUARIE INFRASTRUCTURE HOLDINGS, LLC
More recommendations
Financials (USD)
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 27,8x
Yield 2021 -
Capitalization 317 M 317 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 2 224
Free-Float 99,6%
Chart MACQUARIE INFRASTRUCTURE HOLDINGS, LLC
Duration : Period :
Macquarie Infrastructure Holdings, LLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MACQUARIE INFRASTRUCTURE HOLDINGS, LLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 3,59 $
Average target price 4,00 $
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Christopher Timothy Frost Chief Executive Officer & Director
Nick O'Neil Chief Financial Officer
Martin Stephen William Stanley Chairman
Norman H. Brown Lead Independent Director
Henry E. Lentz Director