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Americold Realty Trust Announces Closing of Initial Public Offering and Exercise of Underwriters’ Over-Allotment Option

ATLANTA, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Americold Realty Trust (the “Company” or “Americold”) announced today the closing of its initial public offering of 52,095,000 common shares at a public offering price of $16.00 per share, including the underwriters’ full exercise of their option to purchase 6,795,000 common shares consisting of 4,350,000 common shares from Americold and 2,445,000 common shares from the selling shareholders at the initial public offering price, less the underwriting discount. Americold issued and sold 33,350,000 common shares and the selling shareholders sold 18,745,000 common shares. The shares began trading on the New York Stock Exchange under the ticker symbol “COLD” on January 19, 2018.

BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets acted as the joint book-running managers for the offering. Rabo Securities, Baird, Citizens Capital Markets, Raymond James, SunTrust Robinson Humphrey, BB&T Capital Markets and BTIG acted as the co-managers for the offering.

A registration statement relating to these common shares was declared effective by the Securities and Exchange Commission on January 18, 2018.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Americold Realty Trust

Americold is the world’s largest owner of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 160 temperature-controlled warehouses, with approximately 1 billion cubic feet of storage, in the United States, Canada, Australia, New Zealand and Argentina. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers. Americold serves over 2,600 customers and employs approximately 11,000 associates worldwide. 

Contacts:

Investor Relations
Americold Realty Trust
10 Glenlake Parkway
Suite 600, South Tower
Atlanta, GA 30328
Telephone: 678-441-1400
Email: investor.relations@americold.com

Kim Henderson
Director of Communications & Public Relations
Americold Realty Trust
10 Glenlake Parkway
Suite 600, South Tower
Atlanta, GA 30328
Telephone: 678-441-1578
Email: mediarelations@americold.com

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