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.
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Tamar Jorssen
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada