Macquarie Infrastructure Company Announces Public Offering of LLC Interests
NEW YORK -- April 29, 2013
Macquarie Infrastructure Company LLC (the “Company”)(NYSE: MIC) announced
today that it is offering 3,039,300 LLC interests (“shares”) in a public
offering and that Macquarie Infrastructure Management (USA) Inc., the
Company’s external Manager (“MIMUSA”), is offering an additional 2,486,700
shares in the offering.
In connection with the offering, MIC and MIMUSA will grant the underwriters a
30-day option to purchase up to an additional 455,895 and 373,005 shares,
respectively, to cover over-allotments, if any. The offering will be made
under the Company’s existing shelf registration statement filed with the
Securities and Exchange Commission on April 8, 2013.
The Company expects to use the net proceeds from the primary offering of
3,039,300 shares, together with cash on hand and drawings under a proposed
$465.0 million debt facility of its Atlantic Aviation subsidiary, to repay in
full the existing long-term debt of Atlantic Aviation.
Barclays, Macquarie Capital, BofA Merrill Lynch and Wells Fargo Securities are
acting as joint book-running managers for the offering. BB&T Capital Markets
and Oppenheimer & Co. are acting as co-managers.
This press release is neither an offer to sell nor a solicitation of an offer
to buy LLC interests, nor shall there be any sale of LLC interests 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 of these securities will be made only by means of a prospectus
supplement and accompanying prospectus, copies of which may be obtained from
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at 1-888-603-5847 or by email at
email@example.com, Macquarie Capital, Attention: Prospectus
Department, 125 West 55th Street, 22nd Floor, New York, NY 10019, or by
telephone at 1-888-268-3937, or by email at firstname.lastname@example.org, BofA
Merrill Lynch, 222 Broadway, New York, NY 10038, Attention: Prospectus
Department or by email at email@example.com, Wells Fargo
Securities, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate
Dept., or by telephone at 1-800-326-5897 or by email at
About Macquarie Infrastructure Company
Macquarie Infrastructure Company 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 gas processing and distribution
business, Hawaii Gas, a controlling interest in a District Energy business in
Chicago, and a 50% interest in a bulk liquid storage terminal business,
International-Matex Tank Terminals. MIC also owns and operates an airport
services business, Atlantic Aviation, and two solar power generation
facilities, collectively MIC Solar. The Company is managed by a wholly-owned
subsidiary of the Macquarie Group.
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.
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 Company LLC 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 Company LLC.
Jay A. Davis
Macquarie Infrastructure Company
Macquarie Infrastructure Company
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