Americold Realty Trust Completes $350 Million Private Placement of Senior Unsecured Notes

ATLANTA–(BUSINESS WIRE)–Americold Realty Trust (NYSE: COLD) (the “Company” or “Americold”), the
world’s largest publicly traded REIT focused on the ownership, operation
and development of temperature-controlled warehouses, announced today
that the Company has closed an aggregate principal amount of $350
million of senior unsecured notes (the “Notes”) in an institutional
private placement. The Notes are due January 8, 2030 and carry an
interest rate of 4.10% and a duration of 10.7 years. The Company intends
to use the net proceeds from the issuance of the Notes for long-term
debt financing of the previously announced Cloverleaf and Lanier

The Notes have not been and will not be registered under the Securities
Act of 1933, as amended (the “Securities Act”), and are being offered
and sold in reliance on the exemption from registration provided by
Section 4(a)(2) of the Securities Act. The Notes may not be offered or
sold in the United States absent registration or an applicable exemption
from the registration requirements under the Securities Act and
applicable state securities laws. This press release is neither an offer
to sell nor a solicitation of an offer to buy the Notes or any other
securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale is unlawful.

Forward-Looking Statements

This press release contains statements about future events and
expectations that constitute forward-looking statements. Forward-looking
statements are based on the Company’s beliefs, assumptions and
expectations of its future financial and operating performance and
growth plans, taking into account the information currently available to
the Company. These statements are not statements of historical fact.
Forward-looking statements involve risks and uncertainties that may
cause the Company’s actual results to differ materially from the
expectations of future results the Company expresses or implies in any
forward-looking statements, and you should not place undue reliance on
such statements.

Words such as “anticipates,” “believes,” “continues,” “estimates,”
“expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,”
“plans,” “potential,” “near-term,” “long-term,” “projections,”
“assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,”
“trends,” “should,” “could,” “would,” “will” and similar expressions are
intended to identify such forward-looking statements. The Company
qualifies any forward-looking statements entirely by these cautionary
factors. Other risks, uncertainties and factors, including those
discussed under the heading “Risk Factors” in the Company’s annual
report on Form 10-K for the year ended December 31, 2018, could cause
the Company’s actual results to differ materially from those projected
in any forward-looking statements the Company makes. The Company assumes
no obligation to update or revise these forward-looking statements for
any reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking statements,
even if new information becomes available in the future.

About Americold Realty Trust

Americold is the world’s largest publicly traded REIT focused on the
ownership, operation and development of temperature-controlled
warehouses. Based in Atlanta, Georgia, Americold owns and operates 179
temperature-controlled warehouses, with over 1 billion refrigerated
cubic feet of storage, in the United States, Australia, New Zealand,
Canada, and Argentina. Americold’s facilities are an integral component
of the supply chain connecting food producers, processors, distributors
and retailers to consumers.


Americold Realty Trust
Investor Relations

error: Content is protected !!