04:55 PM EDT, 03/25/2025 (MT Newswires) -- Americold Realty Trust ( COLD ) said late Tuesday its operating partnership, Americold Realty Operating Partnership, priced an underwritten public offering of $400 million of 5.600% notes due May 15, 2032.

The operating partnership plans to allocate the net proceeds from the offering to partially repay outstanding borrowings under its revolving credit facility, cover fees and expenses related to the notes offering and for general corporate purposes.

Closing of the offering is expected on April 3, subject to customary closing conditions, the company said.