IMTT will expand its renewable fuels terminal capacity at its Geismar, LA terminal to handle renewable feedstocks and renewable products.
IMTT priced the offering of $1.22 billion aggregate principal amount of 6.500% senior notes due 2029 at an offering price equal to 100% of the principal thereof. The offering of the notes is expected to close on or about July 8, 2021.
ITT announced that it intends to offer $1.22 billion aggregate principal amount of senior notes due 2029 in an unregistered offering.
IMTT will make a $1.3 million capital investment to expand its headquarters, and by 2022 will create 42 new direct jobs with an average annual salary of $133,000.
Shaun Revere and Kay Kittleman are joining the IMTT team as chief operating officer and vice president of human resources respectively.
After thirty-nine years with IMTT, serving as President and Chief Executive Officer for the past five years, Richard Courtney will retire from his full-time duties.
MIC announced that it has successfully completed the sale of its IMTT business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion.
Riverstone Holdings LLC Agrees to Buy International-Matex Tank Terminals from Macquarie Infrastructure Corporation
Riverstone announced that they have entered into a definitive agreement to buy IMTT from MIC for total consideration of $2.685 billion.