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Macquarie Infrastructure Company LLC Announces Pricing of Public Offering


Thursday, 2 May 2013 07:39pm EDT 

Macquarie Infrastructure Company LLC announced the pricing of an underwritten public offering of 6,150,000 LLC interests (shares) at a price to the public of $58.50 per share. The size of the offering has been increased from 5,526,000 shares to 6,150,000 shares. Of these shares, the Company is offering 3,382,500 shares and Macquarie Infrastructure Management (USA) Inc, the Company's external Manager (MIMUSA), is offering 2,767,500 shares. The Company and MIMUSA have granted the underwriters a 30-day option to purchase up to an additional 507,375 and 415,125 shares, respectively. The offering is being made under the Company's existing shelf registration statement filed with the Securities and Exchange Commission on April 8, 2013 and is expected to close on May 8, 2013. The Company expects to use the net proceeds from the primary offering of 3,382,500 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. The Company will not receive any proceeds from the sale of shares by MIMUSA. 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.