June 3, 2013
Macquarie Infrastructure Company successfully refinances Atlantic Aviation
Macquarie Infrastructure Company (MIC) reported 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, $465m 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 $70m revolving credit facility that it expects to draw on to fund growth projects and expansion. The revolving credit facility was undrawn at closing.