debt
confidence high
sentiment positive
materiality 0.70
Americold enters amended credit facility: $1.15B revolver, extended maturities to 2030/2031
AMERICOLD REALTY TRUST
- Revolving credit facility of $1.15B extended to June 2030; term A-2 loan extended to June 2031.
- New AUD$230M term loan and CAD$100M incremental term A-2 drawn at closing to repay revolving loans.
- Term loan facilities include $375M term A-1, CAD$350M term A-2, $270M delayed draw, $250M 2025 delayed draw.
- Financial covenants maintained: total leverage <=60%, fixed charge coverage >=1.50x, unsecured interest coverage >=1.75x.
- Unsecured facility; interest rates based on debt ratings; proceeds for general corporate purposes and refinancing.