NEW YORK--(BUSINESS WIRE)--MIC (Macquarie Infrastructure Corporation) (NYSE:MIC) announced that it has increased its target for growth capital deployment in 2017 to $500 million, up from the Company’s previous target of $400 million.
“Effective deployment of growth capital is an important component of MIC’s strategy and we are pleased to have developed opportunities we expect will increase our level of investment in 2017,” said James Hooke, chief executive officer of MIC. “The higher target reflects both the pace at which we have deployed capital into previously approved projects and the attractiveness of investment opportunities that have been identified by our team.”
Liam Stewart, MIC’s chief financial officer, will address attendees at the J.P. Morgan Energy Equity Investor Conference in New York City on Tuesday, June 27, 2017. Mr. Stewart’s prepared remarks will include a discussion of the Company’s expectations for the deployment of growth capital over the remainder of the year.
Mr. Stewart’s presentation is scheduled to commence at 8:00 am Eastern Time.
A link to a live audio webcast of Mr. Stewart’s presentation will be available via the MIC website, www.macquarie.com/mic. The webcast will be available for replay for 90 days through September 25, 2017.
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. MIC-G
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.