Americold Realty Trust, EQT Close $1.3 Billion Cold Storage JV
MT Newswires Live
9 hours ago
Americold Realty Trust (COLD) said on Monday it has closed its previously announced North American cold storage joint venture with EQT's Active Core Infrastructure fund, a portfolio of 12 warehouse facilities with a gross asset value of more than $1.3 billion.
EQT holds a 70% interest in the venture, with Americold retaining 30% and serving as manager of the platform, the company said.
Americold said it received approximately $1.1 billion in net cash proceeds from the transaction, which it plans to use to repay debt and reduce leverage.
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