16Apr2010

Americold Launches IPO, Will Use Funds to Acquire Versacold

Americold Realty Trust, Atlanta, has launched an initial public offering of 43 million common shares, expected to bring $14 to $16 each when trading begins under the symbol ACRE on the New York Stock Exchange.

It plans to use funds raised to acquire certain warehouses and operations of Versacold International Corporation in the U.S., Australia, New Zealand and Argentina. Some of the money will also go toward paying related fees, expenses and taxes. The underwriters have the option to buy another 6,450,000 common shares from Americold.

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 are available 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: prospectus-ny@ny.email.gs.com; 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 isn’t effective yet. Until then, nobody can sell, or offer to buy, any shares.

16Apr2010

Americold Launches IPO, Will Use Funds to Acquire Versacold

Americold Realty Trust, Atlanta, has launched an initial public offering of 43 million common shares, expected to bring $14 to $16 each when trading begins under the symbol ACRE on the New York Stock Exchange.

It plans to use funds raised to acquire certain warehouses and operations of Versacold International Corporation in the U.S., Australia, New Zealand and Argentina. Some of the money will also go toward paying related fees, expenses and taxes. The underwriters have the option to buy another 6,450,000 common shares from Americold.

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 are available 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: prospectus-ny@ny.email.gs.com; 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 isn’t effective yet. Until then, nobody can sell, or offer to buy, any shares.