Americold prepays term loan, increases revolver to $1 billion

By Taylor Fox

New York, Feb. 4 – Americold Realty Trust and subsidiary Americold Realty Operating Partnership, LP entered a third amendment to their credit agreement dated March 26, 2020, according to an 8-K filing with the Securities and Exchange Commission.

The company prepaid $200 million of the outstanding indebtedness under its term A-1 loan and increased the revolving credit commitment to $1 billion from $800 million.

Bank of America, NA is the administrative agent.

Americold is an Atlanta-based REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses.

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