Atlantic Aviation breaks ground on new hangar at Chicago Executive
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27th January 2021
Atlantic Aviation – a subsidiary of Macquarie Infrastructure Corporation – has recently revealed it has broken ground on construction of a 25,000sq ft hangar at its fixed base operation (FBO) at Chicago Executive Airport (PWK).
The new complex will be capable of housing up to a Gulfstream G650/700 and Bombardier Global 7500 and will also include 3000sq ft of office space. The new infrastructure increases the company’s overall hangar space at the airport to 86,500sq ft in total.
Photo Atlantic Aviation
Atlantic also plans to develop two acres of additional ramp space as well as a 72,000-gallon fuel farm.
MIC Announces Closing of Sale of IMTT, Record Date for Special Dividend of $11.00 Per Share
NEW YORK–(BUSINESS WIRE)–Macquarie Infrastructure Corporation (NYSE: MIC) today announced that it has successfully completed the sale of its International-Matex Tank Terminals (“IMTT”) business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion, net of closing adjustments, and including assumed debt of approximately $1.11 billion. MIC announced that it had entered into the agreement to sell IMTT on November 9, 2020.
As previously indicated, the MIC board of directors has elected to return all the net proceeds from the sale, after payment of taxes and expenses and providing for the repayment of holding company level debt, to shareholders in a special dividend. The board has authorized the payment of a one-time dividend of $11.00 per share of MIC common stock. The special dividend will be payable January 8, 2021 to stockholders of record as of the close of trading January 5
MIC Announces Closing of Sale of IMTT, Record Date for Special Dividend of $11 00 Per Share - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.
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Macquarie Infrastructure Corporation (NYSE:MIC) today announced that it has successfully completed the sale of its International-Matex Tank Terminals ( IMTT ) business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion, net of closing adjustments, and including assumed debt of approximately $1.11 billion. MIC announced that it had entered into the agreement to sell IMTT on November 9, 2020.
As previously indicated, the MIC board of directors has elected to return all the net proceeds from the sale, after payment of taxes and expenses and providing for the repayment of holding company level debt, to shareholders in a special dividend. The board has authorized the payment of a one-time dividend of $11.00 per share of MIC common stock. The special dividend will be payable January 8, 2021 to stockholders of record as of the close of trading January 5, 2021.
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