Share:
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.
Battle North Gold Signs Commitment Letter for a US$40 Million Credit Facility to Fully Fund the Development of the Bateman Gold Project
News provided by
Share this article
Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) (
Battle North or the
Commitment Letter ) with Macquarie Bank Limited (
Macquarie ) for a senior secured term loan facility of US$40 million (
Credit Facility ) to be used to fund the construction of the 100%-owned, shovel-ready Bateman Gold Project (the
Project )[1] in Red Lake, Ontario, Canada. The proceeds of the Credit Facility, together with cash currently on the Company s balance sheet, is expected to fully fund the Project to Commercial Production.
Macquarie Investment Management Releases 2021 Global Investment Outlook: Resolve Amid Disorder PHILADELPHIA (Business Wire) Macquarie Investment Management today issued its “Outlook 2021: Resolve Amid Disorder,” which provides in-depth commentary on global equities, fixed income, and alternatives, analyzing the impact of COVID-19, monetary and fiscal policy responses, and other key factors. Despite a range of risks ahead, we expect the global economy to gain momentum in the new year with vaccine distribution already underway serving as a major tailwind,” said Shawn Lytle, global head of Macquarie Investment Management and president of Delaware Funds
® by Macquarie. “We believe the path forward will rely on discerning active management, with opportunities present among global equities, fixed income, and alternatives, and investors continuing to navigate a degree of volatility and uncertainty.”