Sidley Represents Underwriters in Americold’s US$500 Million Inaugural Bond Deal

Sidley represented the underwriters in connection with Americold Realty Operating Partnership, L.P.’s inaugural public debt offering of US$500 million aggregate principal amount of 5.409% Notes due 2034. The notes are guaranteed by Americold Realty Trust, Inc. (NYSE: COLD), the issuer’s general partner, as well as other parent and subsidiary guarantors. The joint book-running managers and representatives of the several underwriters included BofA Securities, Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities LLC. This deal closed on September 12, 2024.

The deal team was led by Ed Petrosky, Jerry Cummins, and Adam Gross, and included Kayla West, Stephanie Yang, and Henry Ludwig. Christian Brause and Dustin Anderson advised on tax matters.