Americold wraps $110 million add-on term loan at par issue price

By Sara Rosenberg

New York, May 2 – Americold Realty Operating Partnership LP issued its fungible $110 million add-on term loan at par, the tight end of the 99.75 to par talk, according to a market source.

Pricing on the loan is Libor plus 375 basis points with a 1% Libor floor.

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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