By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Americold Realty Trust announced it issued $600 million of debt at an average interest rate of 4.8% in a private placement.
The notes include $400 million of 4.86% senior notes due Jan. 8, 2029 and $200 million of 4.68% senior notes due Jan. 8, 2026.
The company plans to use the net proceeds from the notes and cash on the balance sheet to retire $444.9 million of debt due 2021, A$203 million of Australian secured term loan debt due 2020 and NZ$44 million of New Zealand secured term loan debt due 2020.
Americold is an Atlanta-based temperature-controlled warehouse real estate investment trust.
| Issuer: | Americold Realty Trust
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| Issue: | Senior notes
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| Amount: | $600 million
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| Distribution: | Private placement
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| 2026 notes
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| Amount: | $200 million
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| Maturity: | Jan. 8, 2026
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| Coupon: | 4.68%
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| 2029 notes
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| Amount: | $400 million
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| Maturity: | Jan. 8, 2029
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| Coupon: | 4.86%
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