DBRS gives Americold Realty notes BBB

DBRS said it assigned s BBB ratings, under review with positive implications, to Americold Realty Operating Partnership’s €400 million of 1.62% series D, senior unsecured notes due Jan. 7, 2031, and its €350 million of 1.65% series E, senior unsecured notes due Jan. 7, 2033.

The rating is based that of the already-outstanding series of senior unsecured notes, DBRS said.

Proceeds with cash on hand will be used to partially fund the Agro Merchants Group acquisition announced by Americold, to repay term loan debt and general corporate purposes.

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