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BRIEF-Macquarie Atlas Roads Group to acquire 50% interest in Dulles Greenway

Published 23/02/2017, 09:42 am
© Reuters.  BRIEF-Macquarie Atlas Roads Group to acquire 50% interest in Dulles Greenway
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Feb 23 (Reuters) - Macquarie Atlas Roads Group MQA.AX

* Dulles greenway acquisition and capital raising

* It will exercise its pre-emptive right to acquire remaining 50% economic interest1 in dulles greenway

* To acquire 50% economic interest in Dulles Greenway (greenway) for us$445 million

* MQA's distribution guidance for 2017 remains unchanged at 20.0 cents per security

* Acquisition will be funded via a combination of equity, asset financing and corporate cash

* "Acquisition represents a value accretive investment for mqa"

* Launched a fully underwritten placement offer to raise a$185 million of new mqa stapled securities

* Offer at an issue price of a$4.85 per new stapled security

* To partially fund acquisition, mqa has entered into an agreement for a us$200 million eight year bullet asset finance facility

* Will offer eligible securityholders opportunity to subscribe for new stapled securities via an spp to raise a maximum of a$15 million

* Facility is secured only over mqa's 100% estimated economic interest in greenway Source text for Eikon: ID:nASX55t9TD Further company coverage: MQA.AX

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