Americold Secures $1.15B Revolving Credit, Extends Maturities

Americold Realty Trust and its subsidiary, Americold Realty Operating Partnership, L.P., entered into an Amended and Restated Syndicated Facility Agreement. This new agreement increases and extends the maturity of certain tranches of its senior credit facility. It includes a $1.15 billion revolving credit facility and a term loan facility with various tranches, including a new AUD$230 million tranche and a CAD$100 million increase to an existing tranche. The maturity of the Revolving Credit Facility was extended to June 23, 2030, and certain term loans were extended to June 23, 2031, enhancing the company's financial flexibility.