Americold forms $1.3B cold storage JV with EQT; receives $1.1B debt repayment proceeds

AMERICOLD REALTY TRUST

Americold contributes 12 facilities valued >$1.3B to JV; EQT gets 70% stake, Americold retains 30%.
Americold expects ~$1.1B net cash proceeds from the transaction, to be used to repay outstanding debt.
Facilities comprise ~124M cubic feet of capacity and over 400,000 pallet positions across the U.S.
Transaction expected to close in Q3 2026, subject to customary closing conditions and regulatory approvals.
Americold will serve as day-to-day manager; JV positioned as a long-term growth platform.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICOLD REALTY TRUST entered into Contribution Agreement with Snowfall Topco LP, an affiliate of EQT valued at in excess of $1.3 billion (effective 2026-05-07).

Action: entry
Agreement: collaboration
Counterparty: Snowfall Topco LP, an affiliate of EQT
Value: in excess of $1.3 billion
Effective: 2026-05-07

Exact text from the filing

On May 7, 2026, Americold Realty Operating Partnership, LP, a Delaware limited partnership, MHG Gateway Properties, LLC, a New Jersey limited liability company, ART Mortgage Borrower Propco 2010 - 5 LLC, a Delaware limited liability company, Americold New TRS Sub 1, LLC, a Delaware limited liability company, Americold Real Estate, L.P., a Delaware limited partnership, ART Mortgage Borrower Propco 2010 - 4 LLC, a Delaware limited liability company, New Hall’s Warehouse LLC, a New Jersey limited liability company and Americold Russellville, LLC, an Arkansas limited liability company, each a subsidiary of Americold Realty Trust, Inc. (the “ Company ”) and Snowfall Topco LP, an affiliate of EQT entered into a contribution agreement (the “ Contribution Agreement ” and the transactions described therein, the “ JV Transaction ”), which was unanimously approved by the Company’s Board of Directors (the “Board”), upon the unanimous recommendation of the Finance Committee of the Board, to create

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AMERICOLD REALTY TRUST filing history →

Source: SEC EDGAR

accession 0001193125-26-210231

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