Baird served as co-manager on this offering
AboutAmericold Realty Trust (“Americold” or the “Company”) (NYSE: COLD) recently completed an upsized follow-on offering of 31,900,000 shares of common stock at a price of $38.00 per share, generating gross proceeds of approximately $1.2 billion. The Company expects to use the net proceeds, together with proceeds from its debt private placement (if completed), to fund the previously announced acquisition of Agro Merchants Group. Any remaining proceeds are expected to be used for the funding of other development, expansion and acquisition opportunities.
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 183 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada and Argentina as of June 30, 2020. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
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- October 2020
- Americold Realty Trust
- Real Estate
- Target Location
- North America