Americold to start roadshow Monday for $300 million 10-year notes

By Paul A. Harris

St. Louis, April 16 - Americold Warehouse Investment Portfolio will start a roadshow on Monday for its $300 million offering of 10-year senior secured notes, according to an informed source.

Goldman Sachs & Co., Deutsche Bank Securities Inc. and RBC Capital markets Corp. are bookrunners for the Rule 144A with registration rights offering.

The notes come with five years of call protection. Additionally, a special call feature provides for up to 10% of the issue to be redeemable annually at 103.0 until 2013.

Credit ratings remain to be determined.

Proceeds, in addition to proceeds from a concurrent initial public offering of common shares, will be used to fund the acquisition of assets from Versacold and for general corporate purposes.

The prospective issuer is an Atlanta-based temperature controlled warehouse real estate investment trust.

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