ATLANTA--(BUSINESS WIRE)--
Americold Realty Trust (NYSE:COLD) (the “Company” or “Americold”)
announced today that it has utilized cash on hand to repay $50 million
on its outstanding senior term loan A facility that was originated at
the time of the Company’s initial public offering (“IPO”). Subsequent to
the repayment, the total outstanding balance under the Company’s senior
term loan A facility is $475 million.
Concurrently, the Company’s lender group increased its aggregate
revolving credit commitments on the Company’s existing $400 million
senior revolving credit facility by $50 million to $450 million. As a
result of these modifications, the Company’s total aggregate commitments
under its senior credit facility remain unchanged at $925 million.
About Americold Realty Trust
Americold is the world’s largest owner of temperature-controlled
warehouses. Based in Atlanta, Georgia, Americold owns and operates 160
temperature-controlled warehouses, with approximately 1 billion cubic
feet of storage, in the United States, Canada, Australia, New Zealand
and Argentina. Americold’s facilities are an integral component of the
supply chain connecting food producers, processors, distributors and
retailers to consumers. Americold serves over 2,600 customers and
employs approximately 11,000 associates worldwide.
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Source: Americold Realty Trust