Americold to launch $110 million add-on term loan on Tuesday

By Sara Rosenberg

New York, April 24 – Americold Realty Operating Partnership LP is set to hold a lender call on Tuesday to launch a fungible $110 million add-on term loan that is talked at Libor plus 375 basis points with a 1% Libor floor and an original issue discount of 99.75 to par, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

Proceeds will be used to refinance some debt and add cash to the balance sheet.

Americold is an Atlanta-based provider of temperature-controlled warehousing and logistics to the food industry.

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