Americold Announces Upsizing and Extension of New Sustainability-Linked Senior Unsecured Credit Facilities

ATLANTA, GA., Aug. 24, 2022 (GLOBE NEWSWIRE) — Americold Realty Trust, Inc. (NYSE: COLD)

Americold, the world’s largest publicly traded REIT focused on temperature-controlled warehouses, has made an exciting announcement. The company has extended and upsized its senior unsecured credit facilities from $1.5 billion to approximately $2.0 billion. This move demonstrates Americold’s continued commitment to growth and sustainability in the industry.

What Does This Mean for Americold?

This extension and upsizing of credit facilities will provide Americold with additional financial flexibility to support its strategic initiatives. By increasing the available funds, Americold can further invest in its operations, acquisitions, and development of temperature-controlled warehouses. The company’s focus on sustainability is also evident in this decision, as the credit facilities are linked to environmental performance metrics.

How Will This Impact Me?

As a consumer of goods that require temperature-controlled storage and transportation, the upsizing and extension of Americold’s credit facilities could benefit you in various ways. The company’s continued growth and focus on sustainability may lead to improved efficiencies in the cold chain logistics industry, resulting in better quality products and reduced environmental impact.

How Will This Affect the World?

Americold’s commitment to sustainability through its new sustainability-linked credit facilities sends a positive message to the global business community. By setting environmental performance targets and tying them to financial incentives, Americold is contributing to the larger goal of mitigating climate change and promoting responsible business practices. This move may inspire other companies to follow suit and adopt similar sustainability initiatives.

Conclusion

Americold’s decision to extend and upsize its senior unsecured credit facilities not only strengthens the company’s financial position but also demonstrates its dedication to sustainability. This move has the potential to benefit consumers, the industry, and the world at large by driving innovation and fostering responsible business practices. Americold’s leadership in the temperature-controlled warehouse sector sets a positive example for the future of sustainable business operations.