MIC (Macquarie Infrastructure Corporation) (NYSE: MIC) announced an adjustment to the conversion ratio applicable to its 2.875% Convertible Senior Notes due 2019, the company said.
The conversion ratio for the Notes increased to 12.4912 shares of common stock per USD 1,000 principal amount effective March 5, 2018. This adjustment reflects the impact of dividends paid by the company to holders of common stock.
MIC owns and operates a diversified group of businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, entities comprising an energy services, production and distribution segment, MIC Hawaii, and entities comprising a Contracted Power segment. For additional information, visit the MIC website at www.macquarie.com/mic.