Americold Sets Terms for $500 Million Note Offering Successfully

Americold Realty Trust’s New Note Offering

Americold Realty Trust, Inc. (NYSE: COLD), a prominent player in temperature-controlled logistics, has revealed the details of its latest financial maneuver involving an offering of $500 million in senior unsecured notes. This strategic move underscores Americold's commitment to enhancing its capabilities and continuing its growth trajectory in the logistics sector.

Details of the Offering

The offering is set to feature notes that carry an interest rate of 5.409% and are due on September 12, 2034. Priced at their principal amount, these notes exemplify a robust yield to maturity for potential investors. The underwritten public offering will be facilitated through the company's operating partnership, Americold Realty Operating Partnership, L.P., ensuring that it meets all the customary conditions required for closure.

Utilization of Proceeds

Funds generated from this offering are earmarked for several pivotal uses. A portion of the proceeds will be allocated towards repaying borrowings under Americold's revolving credit facility, while others will cover the associated fees and expenses relating to the notes. Remaining funds will be used to bolster the company’s general corporate initiatives.

Management and Implementation Team

The offering also benefits from the involvement of several leading financial institutions acting as joint book-running managers. Notable names include BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities, among others. These partnerships are essential for streamlining the process and ensuring a successful launch of the notes.

Regulatory Compliance

This offering is compliant with the requirements set by the U.S. Securities and Exchange Commission (SEC), having been executed under an effective shelf registration that provides a clear pathway for potential investors. Interested parties can access the preliminary prospectus supplement for detailed information on the offering.

About Americold

Americold Realty Trust is recognized as a leader within the temperature-controlled logistics and real estate niche. The company specializes in the ownership, acquisition, operation, and development of temperature-controlled facilities, managing a vast network of 239 warehouses. With an impressive capacity of approximately 1.4 billion refrigerated cubic feet, Americold plays a critical role in linking food producers, distributors, and retailers to consumers across various markets worldwide.

Innovative Logistics Solutions

The company’s operations are vital in today’s complex supply chain landscape, where effective temperature management is crucial for perishable goods. Americold is committed to enhancing its logistic framework, ensuring that its clients enjoy seamless service and reliability.

Frequently Asked Questions

What is the interest rate for Americold’s new notes?

The new notes carry a 5.409% interest rate, providing competitive yields for investors.

What will the funds from the offering be used for?

Proceeds will be used to repay existing borrowings, cover offering-related fees, and support general corporate purposes.

Who are the joint managers for the offering?

Joint book-running managers include BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities among others.

How does Americold’s logistics operation benefit the supply chain?

Americold ensures effective temperature-controlled services, connecting food producers and retailers, thereby minimizing spoilage and optimizing delivery.

How can investors access the prospectus for the offering?

The prospectus and related documents are available through the SEC's website and via direct requests from the managing firms.

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