Macquarie Infrastructure (MIC) Reaffirms Guidance for 2008 Estimated Cash Available for Distribution
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Macquarie Infrastructure Company (NYSE: MIC) reaffirmed its guidance for estimated cash available for distribution ("CAD") in 2008. MIC expects that CAD will be in a range of between $114 million and $128 million for the year.
"The basic services nature of our infrastructure businesses provides us with good visibility into their cash generating capabilities over a reasonable horizon," said Peter Stokes, Chief Executive Officer of MIC. "Our visibility is further enhanced by the fact that financing costs have been locked in with debt facilities that are effectively fixed rate and have an average maturity out more than five and half years."[SM]
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