Macquaire press release:
TORONTO, ONTARIO (June 17, 2009) – Macquarie Power & Infrastructure Income Fund(TSX: MPT.UN; MPT.DB – “MPT” or the “Fund”) today announced that it has partiallyexercised the accordion feature in its existing credit facility to add $20 million of capacity toits facility.
As previously announced on May 19, 2009, the Fund established a credit facility in the aggregate amount of $162.5 million, comprised of a $121.9 million term facility and a $40.6million revolving facility, under which $85 million is currently drawn. The credit facility containsan accordion feature, which permits the Fund to increase the size of the credit facility up to anaggregate of $200 million, subject to securing additional commitments from existing or newlenders. The credit facility matures in June 2012.
“The support of the lending community is a vote of confidence in the stability of MPT’sbusinesses,” said Michael Bernstein, the Fund’s interim President and Chief Executive Officer.“The partial exercise of the accordion further enhances our capacity to pursue growthopportunities that will build long-term value for our unitholders.”
