Americold Realty Trust Sets Terms for Upcoming Notes Offering

Americold Realty Trust Announces Notes Offering

Americold Realty Trust, Inc. (NYSE: COLD), a distinguished leader in temperature-controlled logistics, has today revealed plans for an underwritten public offering of $400,000,000 in notes. These notes carry a fixed interest rate of 5.600% and will mature on May 15, 2032. Priced at 99.862% of their principal amount, the offering aims to yield approximately 5.622% to maturity. The offering represents a strategic move to bolster its financial framework while providing the necessary capital for operational needs.

Utilization of Proceeds from the Offering

The proceeds generated from this notes offering will serve multiple purposes. Primarily, the funds will be directed towards repaying a segment of outstanding borrowings on Americold's revolving credit facility. Additionally, any excess capital after covering associated fees will be allocated for general corporate purposes. This approach allows the company to enhance liquidity and maintain strong financial health during ongoing market fluctuations.

Who is Leading the Offering?

A robust team of financial institutions is facilitating this offering. BofA Securities, Inc., J.P. Morgan Securities LLC, and RBC Capital Markets, along with several others, are acting as joint book-running managers. Their expertise ensures that the process runs smoothly, allowing Americold Realty to reach its strategic financial goals efficiently. This collaborative effort underlines the trusted relationships Americold has cultivated within the finance sector.

Compliance and Regulatory Framework

This public offering is conducted in accordance with an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Detailed information regarding this offering can be accessed through official SEC channels, ensuring transparency throughout the offering process. Keeping in line with typical industry practices, a final prospectus will be made available following SEC approval, allowing investors to make informed decisions.

Company Overview and Market Position

Americold Realty Trust stands out as a global frontrunner in temperature-controlled logistics, operating a network of 239 warehouses, managing approximately 1.4 billion refrigerated cubic feet of storage. Its strategic placement in various regions enhances the connectivity between food producers, processors, distributors, and retailers, ensuring an efficient supply chain that meets consumer demand. The company’s dedication to innovation and sustainability positions it well to navigate the evolving logistics landscape.

The Future of Americold Realty Trust

The notes offering marks a significant step in Americold's growth strategy, providing them with essential funds to enhance operational capabilities. As the market for temperature-controlled logistics expands, maintaining a strong financial position will be crucial for Americold Realty Trust to capitalize on new opportunities. Their commitment to delivering high-quality services and adapting to market needs spells a bright future for both the company and its stakeholders.

Frequently Asked Questions

What is the purpose of the notes offering by Americold?

The notes offering aims to raise funds primarily for repaying outstanding borrowings under the revolving credit facility, as well as for general corporate purposes.

What are the terms associated with the notes being offered?

The notes are priced at 5.600% with a maturity date set for May 15, 2032, providing a yield of approximately 5.622% to maturity.

Who is managing the notes offering?

The offering is being managed by a consortium of financial institutions, including BofA Securities, J.P. Morgan Securities, and RBC Capital Markets, ensuring a structured financial process.

How does Americold Realty Trust position itself in the market?

Americold is a leader in temperature-controlled logistics, operating 239 warehouses globally, which integrates food producers and retailers effectively within the supply chain.

Where can I find more information about the notes offering?

Detailed information about the offering can be found in the official prospectus filed with the U.S. SEC, as well as on their website once available.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.