MIC Announces Refinancing, Upsizing of Revolving Credit Facility

• Capacity increased to $600 million from $410 million
• Maturity extended to January 2022

NEW YORK–(BUSINESS WIRE)–Macquarie Infrastructure Corporation (NYSE:MIC) announced the successful
refinancing and upsizing of its holding company level senior secured
revolving credit facility to $600 million. The new facility includes an
uncommitted accordion option to increase drawings to $800 million,
subject to satisfaction of certain conditions.

The new facility replaces a revolving credit facility of $410 million at
the MIC holding company level. $145 million was drawn on the new
facility at closing. Drawings on the facility are available for general
corporate purposes.

The new credit facility bears interest at the London Interbank Offered
Rate (LIBOR) plus a fixed margin. The rate on the drawn balance at
closing was a weighted average of 3.3% per annum.

The refinancing extended of the maturity of the credit facility by
approximately two and half years to January 3, 2022. The Company notes
that this date is beyond the July 2019 maturity of a $350 million
tranche of holding company level convertible notes.

About MIC

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, please visit the MIC website at www.macquarie.com/mic.
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