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Macquarie Infrastructure Company LLC Announces Public Offering Of LLC Interests

Monday, 29 Apr 2013 04:39pm EDT 

Macquarie Infrastructure Company LLC announced 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.