Americold Realty Trust Commences Initial Public Offering of Common Shares

ATLANTA, April 15 /PRNewswire-FirstCall/ -- Americold Realty Trust ("Americold") announced today the launch of its initial public offering of 43,000,000 common shares of beneficial interest, par value $0.01 per share, all offered by Americold in a primary offering.  The initial public offering price is expected to be between $14.00 and $16.00 per share.  Americold's common shares have been approved for listing on The New York Stock Exchange under the ticker symbol "ACRE."  The underwriters have the option to purchase from Americold up to an additional 6,450,000 common shares.  Americold intends to use the net proceeds of the offering to finance the acquisition and consolidation into its portfolio of certain warehouses and operations of Versacold International Corporation in the United States, Australia, New Zealand and Argentina, to pay fees, expenses and taxes incurred in connection with its initial public offering and for general corporate purposes.

Goldman, Sachs & Co. and J.P. Morgan Securities Inc. will act as joint book-running managers for the offering, with Deutsche Bank Securities Inc., RBC Capital Markets Corporation and Wells Fargo Securities, LLC acting as co-lead managers.  This offering will be made only by means of a prospectus.  Copies of the preliminary prospectus relating to the offering may be obtained from: Goldman, Sachs & Co., Attention:  Prospectus Department, 200 West Street, New York, New York 10282, by calling toll-free at 1-866-471-2526 or emailing: [email protected]; or J.P. Morgan, Attention:  J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at 1-866-803-9204.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any such offer or solicitation or any sale of 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.

SOURCE Americold Realty Trust

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