AMERICOLD REALTY TRUST 8K

Americold Realty Trust closed a $1.3 billion North American cold storage joint venture with EQT, selling a 70% interest, retaining 30%, and receiving about $1.1 billion in cash to reduce debt and fund future growth.

Americold Realty Trust, Inc. announced that it has closed its previously announced North American cold storage joint venture with EQT’s Active Core Infrastructure fund, in which EQT acquired a 70% interest and Americold retained a 30% stake in Americold-EQT Cold Storage Partnership, LLC, a platform owning 12 U.S. temperature-controlled warehouse facilities with more than $1.3 billion in gross asset value. Americold will manage the platform and, at closing, received approximately $1.1 billion in net cash proceeds, which it plans to use primarily to repay outstanding debt in order to strengthen its balance sheet, reduce leverage, and enhance financial flexibility to support long-term growth. The joint venture is intended to serve as a long-term vehicle for additional ownership, development, and strategic growth opportunities in the North American cold storage sector, leveraging Americold’s operational capabilities and customer relationships together with EQT’s infrastructure investment expertise and capital resources.

Filing Facts

CIK

1455863

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-377096

Alert Tier

8