ATLANTA--(BUSINESS WIRE)--
Americold Realty Trust (NYSE:COLD), the world’s largest owner and
operator of temperature-controlled warehouses, today announced that the
Company received investment grade ratings from Fitch Ratings and
Morningstar Credit Ratings. Fitch has assigned an Issuer Default Rating
of BBB to the Company with a Stable outlook. Morningstar has assigned a
Credit Rating of BBB to the Company with a Stable outlook.
“The receipt of these investment grade ratings is a significant
milestone and critical step in the ongoing transformation of our capital
structure and evolution of our business. These ratings reaffirm the
strength of our operating platform, the integral role our
mission-critical real estate serves within the cold-chain, and our
disciplined efforts to strengthen our balance sheet. We believe this
recognition will increase our access to and improve our overall cost of
capital. We remain focused on continuing to optimize our capital
structure to support the execution of our strategy and creation of
long-term shareholder value,” stated Marc Smernoff, Executive Vice
President and Chief Financial Officer of Americold Realty Trust.
These ratings are subject to the closing of the Company’s recast credit
facility and unsecured private placement offering.
About Americold Realty Trust
Americold is the world’s largest owner and operator of
temperature-controlled warehouses. Based in Atlanta, Georgia, Americold
owns and operates 156 temperature-controlled warehouses, with
approximately 928 million refrigerated cubic feet of storage, in the
United States, Australia, New Zealand, Canada, and Argentina.
Americold’s facilities are an integral component of the supply chain
connecting food producers, processors, distributors and retailers to
consumers. Americold serves approximately 2,400 customers and employs
approximately 11,000 associates worldwide.
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Americold Realty Trust
Investor Relations
678-459-1959
investor.relations@americold.com
Source: Americold Realty Trust