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News Nov 09, 2016

Shearman & Sterling Advises on a Bought Deal Offering by Macquarie Infrastructure Management (USA) Inc.

Shearman & Sterling represented Barclays Capital Inc. in connection with a secondary offering on a bought deal basis by Macquarie Infrastructure Management (USA) Inc. of 2,870,000 shares of common stock of Macquarie Infrastructure Corporation (MIC). 

MIC owns, operates and invests in a diversified group of infrastructure 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 and Energy segment. 

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Larry Crouch (Menlo Park-Tax); counsel Kevin Roggow (Toronto-Capital Markets); and associate Joanna Enns (Toronto-Capital Markets).