UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01. | Entry Into a Material Definitive Agreement. |
On September 5, 2024, Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Operating Partnership”), Americold Realty Trust, Inc., a Maryland corporation and the sole general partner of the Operating Partnership (the “Company”), Americold Realty Operations, Inc., a Delaware corporation and wholly-owned subsidiary of the Company and a limited partner of the Operating Partnership (the “Limited Partner”), and certain subsidiaries of the Operating Partnership named as guarantors therein (the “Subsidiary Guarantors”) entered into an Underwriting Agreement, dated as of September 5, 2024, with each of BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on behalf of the underwriters named therein (the “Underwriters”), pursuant to which the Underwriters agreed to purchase from the Operating Partnership $500 million aggregate principal amount of the Operating Partnership’s 5.409% Notes due 2034 (the “Notes”). The Notes will be fully and unconditionally guaranteed, jointly and severally (the “Guarantees” and, together with the Notes, the “Securities”), by each of the Company, the Limited Partner and the Subsidiary Guarantors. The issuance and sale of the Securities is expected to close on September 12, 2024, subject to customary closing conditions.
The Securities were registered with the Securities and Exchange Commission (the “Commission”) pursuant to the Company’s and the Operating Partnership’s automatic shelf registration statement on Form S-3 (File Nos. 333-270664 and 333-270664-01), as amended by that certain post-effective amendment no. 1 filed by the Operating Partnership, the Company, the Limited Partner and the Subsidiary Guarantors (as the same may be supplemented or further amended, the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities Act”). The material terms of the Securities are described in the final prospectus supplement, as filed with the Commission on September 9, 2024 pursuant to Rule 424(b)(5) of the Securities Act, which relates to the offer and sale of the Securities and supplements the prospectus, as filed with the Commission on March 17, 2023, contained within the Registration Statement.
A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K (this “Report”), and the information in the Underwriting Agreement is incorporated into this Item 1.01 by this reference. The above description of the Underwriting is qualified in its entirety by reference to the Underwriting Agreement incorporated by reference into this Report.
| Item 9.01. | Financial Statements and Other Exhibits |
The document included as an exhibit to this Report is filed solely to provide information about its terms, is not intended to provide any factual or other information about the Company, the Operating Partnership or the other parties to the agreement, and should not be relied upon by investors for any other purpose.
| Exhibit Number |
Description | |
| 1.1 | Underwriting Agreement, dated as of September 5, 2024, by and among the Company, the Operating Partnership, the Limited Partner, the Subsidiary Guarantors and BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the Underwriters. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this Report to be signed on their behalf by the undersigned thereunto duly authorized.
| AMERICOLD REALTY TRUST, INC. | ||
| By: | /s/ E. Jay Wells | |
| E. Jay Wells | ||
| Chief Financial Officer and Executive Vice President | ||
Date: September 9, 2024
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