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Macquarie Infrastructure Company's Atlantic Aviation Updates on Debt Upsizing

January 28, 2014

Macquarie Infrastructure Company announced that its Atlantic Aviation business intends to increase the size of its existing Term Loan B facility, subject to market and other conditions, by $100 million . According to a release, approximately $65 million of the proceeds of the offering are expected to be used to fund the previously announced acquisition of five fixed base operations from Galaxy Aviation . The remainder will be retained by Atlantic Aviation . Atlantic and Galaxy entered into an acquisition agreement on December 12, 2013 . Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States . More Information: http://www.macquarie.com/mic ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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