IMTT announced today that it has closed on the sale of the company’s two Savannah, Georgia terminals to Colonial Group, Inc. in a cash transaction for an undisclosed amount.
$1,000,000 philanthropic investment will help develop emerging community organizations; support will also help sustain Coalition operations.
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.