Macquarie Infrastructure Announces Successful Refinancing of Atlantic Aviation Long-Term Debt Debt

Loading...
Loading...
Macquarie Infrastructure Company LLC
MIC
announced that its Atlantic Aviation subsidiary has successfully refinanced all of its previously outstanding long-term debt. On May 31, 2013 Atlantic Aviation drew down the full amount on a 7-year, $465 million term loan repaid fully a like amount of bank debt due in October 2014. In addition to the term loan, Atlantic Aviation has been provided with a $70 million revolving credit facility that it expects to draw on to fund growth projects and expansion. The revolving credit facility was undrawn at closing. “We are pleased to have completed the refinancing of Atlantic Aviation's
See full press release
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGuidanceContractsAsset SalesGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...