AMERICOLD REALTY TRUST
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Supplemental Guarantor Financial Information
On September 12, 2024 we completed an underwritten public offering of $500.0 million aggregate principal amount of the Operating Partnership’s 5.409% (the “Public Senior Unsecured Notes”) due September 12, 2034. Interest is payable on March 12 and September 12 of each year, with the first payment occurring March 12, 2025.
On the date of issuance of the Public Senior Unsecured Notes, each of the Company and Americold Realty Operations, Inc. (together, the “Parent Guarantors”), and each of Nova Cold Logistics, Americold Australian Holdings and Icecap Properties NZ Limited (the “Subsidiary Guarantors” and together with the Parent Guarantors, the “Initial Guarantors”), jointly and severally, fully and unconditionally guaranteed the Operating Partnership’s obligations under the Public Senior Unsecured Notes, including the due and punctual payment of principal of, and premium, if any, and interest on, the Public Senior Unsecured Notes.
The following table contains the summarized financial information of the Initial Guarantors and the operating partnership (collectively, the “Obligor Group”) on a combined basis after the elimination of intercompany balances and transactions between entities in the Obligor Group as of December 31, 2024 and December 31, 2023 and for the years ended December 31, 2024 and December 31, 2023:
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| (In thousands) | ||
| Total Assets | $5,720,217 | $5,805,363 |
| Receivables from sales to subsidiaries other than the initial guarantors | $— | $— |
| Total Liabilities | $3,552,290 | $3,533,750 |
| Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Total Revenues | $1,615,888 | $1,585,803 |
| Revenues from sales to subsidiaries other than the initial guarantors | $— | $— |
| Operating Income | $103,659 | $74,470 |
| Net loss from continuing operations | $(74,972) | $(81,859) |
| Net loss attributable to the entity | $(74,972) | $(81,859) |
Separate Consolidated Financial Statements of the Operating Partnership have not been presented in accordance with Rule 3-10 of Regulation S-X and Rule 12h-5 under the Securities and Exchange Act of 1934.
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