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Americold to launch $704.8 million term loan repricing on Wednesday
By Sara Rosenberg
New York, Jan. 10 – Americold Realty Operating Partnership LP is scheduled to hold a lender call on Wednesday to launch a repricing of its $704.8 million term loan due December 2022, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
The repriced loan is talked at Libor plus 375 basis points to 400 bps with a 1% Libor floor and a par issue price, the source said.
Included in the repriced loan is 101 soft call protection for six months.
The repricing will take the term loan down from Libor plus 475 bps with a 1% Libor floor.
Americold is an Atlanta-based provider of temperature-controlled warehousing and logistics to the food industry.
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