Americold Realty Trust Launches Initial Public Offering

ATLANTA, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Americold Realty Trust (the “Company” or “Americold”) announced today the launch of its initial public offering of 24,000,000 common shares. The initial public offering price is expected to be between $14.00 and $16.00 per share. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 common shares. The common shares have been approved for listing on the New York Stock Exchange and, subject to official notice of issuance, will trade under the symbol “COLD.”

BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets are acting as the joint book-running managers for the offering. Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets and BTIG are acting as the co-managers for the offering.

The offering of the common shares is being made only by means of a preliminary prospectus dated January 9, 2018, a copy of which may be obtained through:

A copy of the preliminary prospectus may also be obtained free of charge from the SEC’s web site at www.sec.gov.

A registration statement relating to these securities has been filed with the SEC but has not been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 

About Americold Realty Trust

Americold Realty Trust is the world’s largest owner of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates approximately 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. 

Forward-Looking Statements

This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. This press release speaks only as of the date hereof, and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

Contacts:

Investor RelationsAmericold Realty Trust10 Glenlake Parkway Suite 600, South Tower Atlanta, GA 30328Telephone: 678-441-1400Email: [email protected]

Kim HendersonDirector of Communications & Public RelationsAmericold Realty Trust10 Glenlake Parkway Suite 600, South Tower Atlanta, GA 30328Telephone: 678-441-1578Email: [email protected]

Release Date: 01/09/2018

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