NEW YORK,
June 29 /PRNewswire-FirstCall/ -- Macquarie Infrastructure
Company LLC (NYSE: MIC) has announced the successful pricing of a registered
public offering of 6,300,000 LLC interests of the Company at a public offering
price of
$40.99 per LLC interest, the closing price of the LLC interests on
the New York Stock Exchange on
June 28, 2007. 5,701,000 LLC interests were
sold by Macquarie Infrastructure Company and 599,000 LLC interests were sold
by Macquarie Infrastructure Management (USA) Inc., the Company's Manager. The
offering is being made under Macquarie Infrastructure Company's existing shelf
registration statement filed with the Securities and Exchange Commission on
October 16, 2006, as amended on
June 25, 2007 by Post Effective Amendment No.
1, which reflected the exchange of all outstanding shares of trust stock for
LLC interests on
June 25, 2007. Additionally, the Company has granted the
underwriters a 30-day option to purchase up to an additional 945,000 LLC
interests to cover overallotments, if any.
Assuming no exercise of the overallotment option granted to the
underwriters, the Company expects to receive approximately $223.0 million in
net proceeds from the offering, subject to standard closing conditions,
following the close on July 5, 2007.
The Company will use the net proceeds of the offering to partially fund
the equity portion of its acquisition of 24 fixed base operations known as
Mercury Air Centers and 2 fixed base operations known as SJJC Aviation
Services, LLC and any remaining amounts for general corporate purposes.
Citi, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner &
Smith, Incorporated and Macquarie Securities (USA) Inc. were the joint book
running managers for the offering and A.G. Edwards & Sons Inc., Jefferies &
Company, Inc., and Stifel Nicolaus & Company, Incorporated are acting as co-
managers.
This press release is neither an offer to sell nor a solicitation of an
offer to buy LLC interests, nor shall there be any sale of LLC interests in
any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the qualification under the securities laws of any such
state or jurisdiction. The offering of these securities will be made only by
means of a prospectus and a related prospectus supplement. Full details of
the offering, including a description of the LLC interests and risk factors,
are contained in a final prospectus and prospectus supplement dated June 28,
2007 and available through the joint book running managers: Citi, Brooklyn
Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220; Credit Suisse
Securities (USA) LLC, Prospectus Department, 1 Madison Avenue, New York, NY
10010; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial
Center, New York, NY 10080; Macquarie Securities (USA) Inc., 125 W. 55th
Street, New York, NY 10019.
About Macquarie Infrastructure Company
Macquarie Infrastructure Company owns, operates and invests in a
diversified group of infrastructure businesses, which provide basic, everyday
services to customers in the United States. Its businesses consist of an
airport services business, an airport parking business, a district energy
business, a gas production and distribution business, and 50% of a company
that owns a bulk liquid storage terminal business. For additional
information, please visit the Macquarie Infrastructure Company website at
www.macquarie.com/mic.
Forward Looking Statements
This release contains forward-looking statements. MIC may, in some cases,
use words such as "project", "believe", "anticipate", "plan", "expect",
"estimate", "intend", "should", "would", "could", "potentially", or "may" or
other words that convey uncertainty of future events or outcomes to identify
these forward-looking statements. Forward-looking statements in this
presentation are subject to a number of risks and uncertainties, some of which
are beyond the Company's control including, among other things: its ability to
successfully integrate and manage acquired businesses, manage growth, make and
finance future acquisitions, service, comply with the terms of and refinance
its debt, and implement its strategy, decisions made by persons who control
the Company's investments including the distribution of dividends, the
regulatory environment, changes in air travel, automobile usage, fuel and gas
prices, foreign exchange fluctuations, environmental risks and changes in U.S.
federal tax law.
MIC's actual results, performance, prospects or opportunities could differ
materially from those expressed in or implied by the forward-looking
statements. Additional risks of which the Company is not currently aware
could also cause its actual results to differ. In light of these risks,
uncertainties and assumptions, you should not place undue reliance on any
forward-looking statements. The forward-looking events discussed in this
release may not occur. These forward-looking statements are made as of the
date of this release. MIC undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
"Macquarie Group" refers to the Macquarie Group of companies, which
comprises Macquarie Bank Limited and its worldwide subsidiaries and
affiliates.
Australian banking regulations that govern the operations of Macquarie
Bank Limited and all of its subsidiaries, including the Company's manager,
require the following statements. Investments in Macquarie Infrastructure
Company LLC are not deposits with or other liabilities of Macquarie Bank
Limited or of any Macquarie Group company and are subject to investment risk,
including possible delays in repayment and loss of income and principal
invested. Neither Macquarie Bank Limited nor any other member company of the
Macquarie Group guarantees the performance of Macquarie Infrastructure Company
LLC or the repayment of capital from Macquarie Infrastructure Company LLC.
MIC-GFor further information, please contact: