Macquarie Infrastructure Corp

NYSE:MIC   3:59:59 PM EDT
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Debt Financing / Related, Mergers / Acquisitions

Macquarie Infrastructure Corporation Announces Agreement To Sell Mic Hawaii Completes Pursuit Of Strategic Alternatives

Published: 06/15/2021 01:37 GMT
Macquarie Infrastructure Corp (MIC) - Oration Announces Agreement to Sell Mic Hawaii; Completes Pursuit of Strategic Alternatives.
Proceeds From Sales of Imtt, Atlantic Aviation and Mic Hawaii Expected to Total $52.18 per Share.
Macquarie Infrastructure- Culmination of Strategic Alternatives Process by Signing Merger Agreement With Affiliate of Argo Infrastructure Partners.
Unitholders Expected to Receive $3.83 per Unit at Closing; Transaction Expected to Close in First Half of 2022.
Terms of Merger Agreement Correspond to an Enterprise Value for Mic Hawaii of $514 Million Including Assumed Debt.