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Macquarie increases payment adjustment

22-Sep-2009 8:59 AM

Macquarie Group has agreed (21-Sep-2009) to increase payment adjustment for increased debt costs up to the full internalisation payment of AUD345 million. Macquarie Airports shareholders are scheduled to vote on the internalisation proposal at its Special General Meetings on 30-Sep-2009. [more]

Macquarie Airports: “We are pleased that Macquarie is prepared to demonstrate its faith in the assistance that it is providing to MAp to ensure that the internalisation does not result in increased debt costs by placing its entire internalisation payment at risk. This further strengthens the view of the independent directors that the internalisation proposal is in the best interests of security holders,” Trevor Gerber, Chairman Macquarie Airports Management Limited IBC. Source: Macquarie Group, 21-Sep-2009.