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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 6, 2018 AMERICOLD REALTY TRUST (Exact name of registrant as specified in its charter) Maryland 001-34723 93-0295215 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10 Glenlake Parkway, South Tower, Suite 600 Atlanta, Georgia 30328 (Address of principal executive offices) (Zip Code) (678) 441-1400 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Transcript
Page 1: AMERICOLD REALTY TRUSTd18rn0p25nwr6d.cloudfront.net/CIK-0001455863/8e6ad...Realty Operating Partnership, L.P., a Delaware limited partnership (the “ Borrower ”), Americold Realty

UNITED STATES

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) February 6, 2018

AMERICOLD REALTY TRUST(Exact name of registrant as specified in its charter)

Maryland 001-34723 93-0295215

(State or other jurisdictionof incorporation)

(CommissionFile Number)

(IRS EmployerIdentification No.)

10 Glenlake Parkway, South Tower, Suite 600 Atlanta, Georgia 30328

(Address of principal executive offices) (Zip Code)

(678) 441-1400(Registrant’s telephone number, including area code)

Not Applicable(Former name or former address, if changed since last report)

ChecktheappropriateboxbelowiftheForm8-Kfilingisintendedtosimultaneouslysatisfythefilingobligationoftheregistrantunderanyofthefollowingprovisions(seeGeneralInstructionA.2.below):

☐ WrittencommunicationspursuanttoRule425undertheSecuritiesAct(17CFR230.425)

☐ SolicitingmaterialpursuanttoRule14a-12undertheExchangeAct(17CFR240.14a-12)

☐ Pre-commencementcommunicationspursuanttoRule14d-2(b)undertheExchangeAct(17CFR240.14d-2(b))

☐ Pre-commencementcommunicationspursuanttoRule13e-4(c)undertheExchangeAct(17CFR240.13e-4(c))

IndicatebycheckmarkwhethertheregistrantisanemerginggrowthcompanyasdefinedinasdefinedinRule405oftheSecuritiesActof1933(§230.405ofthischapter)orRule12b-2oftheSecuritiesExchangeActof1934(§240.12b-2ofthischapter).

Emerginggrowthcompany☐

Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐

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Item 1.01 — Entry into a Material Definitive Agreement.

OnFebruary6,2018,AmericoldRealtyTrust(the“Company”)enteredintotheConsentandFirstAmendmenttoCreditAgreement,datedasofFebruary6,2018,amongAmericoldRealtyOperatingPartnership,L.P.,theCompany,theGuarantors,Lenders,LetterofCreditIssuersandSwingLineLender(eachasdefinedintheCreditAgreement(asdefinedbelow))partytheretoandBankofAmerica,N.A.,asAdministrativeAgent(the“FirstAmendment”).TheFirstAmendmentamendstheCreditAgreement,datedasofJanuary23,2018,byandamongAmericoldRealtyOperatingPartnership,L.P.,theCompany,theSeveralLendersandLetterofCreditIssuersfromTimetoTimePartiesTheretoandBankofAmerica,N.A.,asAdministrativeAgent(the“CreditAgreement”).

PursuanttotheFirstAmendment,theCompany’slendergroupincreaseditsaggregaterevolvingcreditcommitmentsontheCompany’sexisting$400millionseniorrevolvingcreditfacilityby$50millionto$450million.Concurrently,theCompanyutilizedcashonhandtorepay$50milliononitsseniortermloanAfacility.Asaresultofthesemodifications,theCompany’stotalaggregatecommitmentsunderitscreditfacilitiesremainunchangedat$925million.

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Item 9.01 — Financial Statements and Exhibits.

(d) ExhibitsExhibit

No. Description

10.1

ConsentandFirstAmendmenttoCreditAgreement,datedasofFebruary6,2018,amongAmericoldRealtyOperatingPartnership,L.P.,theCompany,theGuarantors,Lenders,LetterofCreditIssuersandSwingLineLender(eachasdefinedtherein)partytheretoandBankofAmerica,N.A.,asAdministrativeAgent

99.1 PressReleasedatedFebruary6,2018

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SIGNATURES

PursuanttotherequirementsoftheSecuritiesExchangeActof1934,theregistranthasdulycausedthisreporttobesignedonitsbehalfbytheundersignedhereuntodulyauthorized.

Date:February6,2018

AMERICOLD REALTY TRUST

By: /s/MarcSmernoffName: MarcSmernoffTitle: ChiefFinancialOfficerandExecutiveVicePresident

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Exhibit 10.1

CONSENT AND FIRST AMENDMENT TO CREDIT AGREEMENT

CONSENTANDFIRSTAMENDMENTTOCREDITAGREEMENT,datedasofFebruary6,2018(this“Agreement”),amongAmericoldRealtyOperatingPartnership,L.P.,aDelawarelimitedpartnership(the“Borrower”),AmericoldRealtyTrust,aMarylandrealestateinvestmenttrust(the“Company”),theGuarantors,Lenders,LetterofCreditIssuersandSwingLineLender(eachasdefinedtheCreditAgreementdescribedbelow)partyheretoandBankofAmerica,N.A.,asadministrativeagent(insuchcapacity,the“AdministrativeAgent”).

WHEREAS,theBorrower,theCompany,theLenders,theLetterofCreditIssuers,theSwingLineLenderandtheAdministrativeAgentarepartytothatcertainCreditAgreement,datedasofJanuary23,2018(asamended,restated,extended,supplementedorotherwisemodifiedinwritingfromtimetotime,the“CreditAgreement”;capitalizedtermsusedhereinandnototherwisedefinedhereinshallhavethemeaningsassignedtosuchtermsintheCreditAgreement),andtheBorrower,theGuarantorsandtheAdministrativeAgentarepartytotheGuaranteeandCollateralAgreement;and

WHEREAS,theBorrowernotifiedtheAdministrativeAgentthatitintendstoprepaytheTermLoanintheamountof$50,000,000(the“Prepayment”)withthePrepaymenttobeappliedtotheTermLoansoftheLendersintheamountssetforthonAnnexIheretoratherthaninaccordancewiththeirrespectiveApplicablePercentagesinrespectoftheTermLoanFacilityasrequiredunderSection5.1(a)oftheCreditAgreement;and

WHEREAS,theBorrowerhasrequestedthat,concurrentlywiththePrepayment,theLendersincreasetheTotalRevolvingCreditCommitmentfrom$400,000,000to$450,000,000(the“RevolverIncrease”).

NOWTHEREFORE,forgoodandvaluableconsideration,thereceiptandsufficiencyofwhichisherebyacknowledged,thepartiesheretoagreeasfollows:

SECTION 1. Consent .SubjecttoallofthetermsandconditionssetforthinthisAgreement,eachoftheLendersherebyconsents,asoftheEffectiveDate(ashereinafterdefined),to(a)theapplicationofthePrepaymenttotheTermLoansoftheLendersintheamountssetforthonAnnexIheretoand(b)increasingitsRevolvingCreditCommitmenttotheamountsetforthoppositesuchLender’snameonAnnexIIheretounderthecaption“RevolvingCreditCommitment.”

SECTION 2. Amendment to Credit Agreement .SubjecttoallofthetermsandconditionssetforthinthisAgreement,asoftheEffectiveDate,theCreditAgreementisherebyamendedbyreplacingSchedule1.1AtotheCreditAgreementinitsentiretywiththeSchedule1.1AattachedheretoasAnnexII.

SECTION 3. Conditions to Effectiveness .ThisAgreementshallbedeemedeffectiveasofthefirstdate(suchdatebeingreferredtohereinasthe“EffectiveDate”)onwhichallofthefollowingconditionsprecedenthavebeensatisfiedorwaivedinwriting:

3.1 theAdministrativeAgentshallhavereceivedcounterpartsofthisAgreementdulyexecutedbyeachoftheLoanParties,theAdministrativeAgentandeachoftheLenders;

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3.2 theBorrowershallhavemadethePrepayment;

3.3 noDefaultorEventofDefaulthasoccurredandiscontinuingontheEffectiveDateorwould(givingeffecttothisAgreement)resultfromtheRevolverIncrease;

3.4 beforeandaftergivingeffecttotheRevolverIncrease(givingeffecttothisAgreement),eachoftherepresentationsandwarrantiesmadebyoronbehalfofanyGroupMemberinorpursuanttotheLoanDocumentsshallbetrueandcorrectinallmaterialrespects(or,ifqualifiedbymaterialityorMaterialAdverseEffect,inallrespects)ontheEffectiveDate(exceptwheresuchrepresentationsandwarrantiesexpresslyrelatetoanearlierdate,inwhichcasesuchrepresentationsandwarrantiesshallhavebeentrueandcorrectinallmaterialrespects(or,ifqualifiedbymaterialityorMaterialAdverseEffect,inallrespects)asofsuchearlierdate);and

3.5 theBorrowershallhavedeliveredtotheAdministrativeAgentacertificateoftheBorrowerdatedasoftheEffectiveDate,signedbyaResponsibleOfficeroftheBorrowercertifyingandattachingtheresolutionsadoptedbytheBorrowerapprovingorconsentingtotheRevolverIncreaseandcertifyingthattheconditionsinclauses3.3and3.4abovehavebeensatisfied.

SECTION 4. Representations and Warranties .EachoftheLoanPartiesreaffirmsandrestatestherepresentationsandwarrantiesmadebyitinorpursuanttotheLoanDocuments,ineachcase,aftergivingeffecttotheamendmentstotheCreditAgreementcontemplatedbythisAgreement,andallsuchrepresentationsandwarrantiesaretrueandcorrectinallmaterialrespectsonandasofthedateofthisAgreementasifmadeonandasofsuchdate(exceptwheresuchrepresentationsandwarrantiesrelatetoanearlierdate,inwhichcasesuchrepresentationsandwarrantiesshallhavebeentrueandcorrectinallmaterialrespects(or,ifqualifiedbymaterialityorMaterialAdverseEffect,inallrespects)asofsuchearlierdate).EachoftheLoanPartiesadditionallyrepresentsandwarrants(whichrepresentationsandwarrantiesshallsurvivetheexecutionanddeliveryhereof)totheAdministrativeAgent,theSwingLineLender,theLetterofCreditIssuersandtheLendersthat:

(a)ithasthecorporate,limitedliabilityorlimitedpartnership,asapplicable,powerandauthority,andthelegalright,toenterintoandperformthisAgreementandthetransactionscontemplatedherebyandhastakenallnecessaryorganizationalactiontoauthorizetheexecution,deliveryandperformanceofthisAgreementandthetransactionscontemplatedhereby;

(b)noconsentorauthorizationof,filingwith,noticetoorotheractbyorinrespectof,anyGovernmentalAuthorityoranyotherPersonisrequiredinconnectionwiththeexecution,delivery,performance,validityorenforceabilityofthisAgreementandthetransactionscontemplatedhereby,exceptconsents,authorizations,filingsandnoticesthathavebeenobtainedormadeandareinfullforceandeffect;

2

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(c)thisAgreementhasbeendulyexecutedanddeliveredonbehalfofeachLoanParty,andisalegal,validandbindingobligationofeachLoanParty,enforceableagainsteachLoanPartyinaccordancewithitsterms,exceptasenforceabilitymaybelimitedbyapplicablebankruptcy,insolvency,fraudulentconveyance,reorganization,moratoriumorsimilarlawsrelatingtooraffectingtheenforcementofcreditors’rightsgenerallyandbygeneralequitableprinciples(whetherenforcementissoughtbyproceedingsinequityoratlaw);

(d)noDefaultorEventofDefaulthasoccurredandiscontinuing;and

(e)theexecution,deliveryandperformanceofthisAgreementandtheotherLoanDocuments,theborrowingshereunderandtheuseoftheproceedsthereofwillnotviolateanyRequirementofLaworanyMaterialContractoranyGoverningDocumentofanyLoanPartyandwillnotresultin,orrequire,thecreationorimpositionofanyLienonanyoftheirrespectivepropertiesorrevenuespursuanttoanysuchMaterialContract(otherthantheLienscreatedbytheCollateralDocuments).

SECTION 5. Affirmation of Guarantors .EachGuarantorherebyapprovesandconsentstothisAgreementandthetransactionscontemplatedbythisAgreementandagreesandaffirmsthatitsguaranteeoftheObligationscontinuestobeinfullforceandeffectandisherebyratifiedandconfirmedinallrespectsandshallapplytotheCreditAgreementandalloftheotherLoanDocuments,assuchareamended,restated,supplementedorotherwisemodifiedfromtimetotimeinaccordancewiththeirterms.

SECTION 6. Costs and Expenses .TheBorroweragreestoreimbursetheAdministrativeAgentforitsreasonableandout-of-pocketexpensesincurredinconnectionwiththisAmendmenttotheextentrequiredunderSection12.5oftheCreditAgreement.

SECTION 7. Ratification .

(a)TheCreditAgreement,asamendedbythisAgreement,andtheotherLoanDocumentsremaininfullforceandeffectandareherebyratifiedandaffirmedbytheLoanParties.EachoftheLoanPartiesherebyreaffirmsandadmitsthevalidityandenforceabilityoftheCreditAgreement,asamendedbythisAgreement,andtheotherLoanDocuments.

(b)ThisAgreementshallbelimitedpreciselyaswrittenand,exceptasexpresslyprovidedherein,shallnotbedeemed(i)tobeaconsentgrantedpursuantto,orawaiver,modificationorforbearanceof,anytermorconditionoftheCreditAgreement,anyotherLoanDocumentoranyoftheinstrumentsoragreementsreferredtoinanythereoforawaiverofanyDefaultorEventofDefault,whetherornotknowntotheAdministrativeAgent,theSwingLineLender,anyoftheLetterofCreditIssuersoranyoftheLenders,or(ii)toprejudiceanyrightorremedywhichtheAdministrativeAgent,theSwingLineLender,anyoftheLetterofCreditIssuersoranyoftheLendersmaynowhaveorhaveinthefutureagainstanyPersonunderorinconnectionwiththeCreditAgreement,anyoftheinstrumentsoragreementsreferredtothereinoranyofthetransactionscontemplatedthereby.

3

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SECTION 8. Modifications .NeitherthisAgreement,noranyprovisionhereof,maybewaived,amendedormodifiedexceptpursuanttoanagreementoragreementsinwritingenteredintobythepartieshereto.

SECTION 9. References .TheLoanPartiesacknowledgeandagreethatthisAgreementconstitutesaLoanDocument.EachreferenceintheCreditAgreementto“thisAgreement,”“hereunder,”“hereof,”“herein,”orwordsoflikeimport,andeachreferenceineachotherLoanDocument(andtheotherdocumentsandinstrumentsdeliveredpursuanttoorinconnectiontherewith)tothe“CreditAgreement”,“thereunder”,“thereof”orwordsoflikeimport,shallmeanandbeareferencetotheCreditAgreementasmodifiedherebyandaseachmayinthefuturebeamended,restated,supplementedormodifiedfromtimetotime.

SECTION 10. Counterparts .ThisAgreementmaybeexecutedbyoneormoreofthepartiestothisAgreementonanynumberofseparatecounterparts,andallofsaidcounterpartstakentogethershallbedeemedtoconstituteoneandthesameinstrument.DeliveryofanexecutedcounterpartofasignaturepageofthisAgreementbyemailorfacsimiletransmissionshallbeeffectiveasdeliveryofamanuallyexecutedcounterparthereof.

SECTION 11. Successors and Assigns .TheprovisionsofthisAgreementshallbebindinguponandinuretothebenefitofthepartiesheretoandtheirrespectivesuccessorsandassigns.

SECTION 12. Severability .IfanyprovisionofthisAgreementisprohibited,illegal,invalidorunenforceableinanyjurisdiction,(a)suchprovisionshall,astosuchjurisdiction,beineffectivetotheextentofsuchprohibitionorunenforceabilitywithoutinvalidatingtheremainingprovisionshereof,andanysuchprohibitionorunenforceabilityinanyjurisdictionshallnotinvalidateorrenderunenforceablesuchprovisioninanyotherjurisdictionand(b)thepartiesshallendeavoringoodfaithnegotiationstoreplacetheprohibited,illegal,invalidorunenforceableprovisionswithvalidprovisionstheeconomiceffectofwhichcomesascloseaspossibletothatoftheprohibited,illegal,invalidorunenforceableprovisions.

SECTION 13. Governing Law .THISAGREEMENT,THERIGHTSANDOBLIGATIONSOFTHEPARTIESUNDERTHISAGREEMENT,ANDANYCLAIM,CONTROVERSY,DISPUTEORCAUSEOFACTION(WHETHERINCONTRACTORTORTOROTHERWISE)BASEDUPON,ARISINGOUTOFORRELATINGTOTHISAGREEMENTANDTHETRANSACTIONSCONTEMPLATEDHEREBY,SHALLBEGOVERNEDBY,ANDCONSTRUEDANDINTERPRETEDINACCORDANCEWITH,THELAWOFTHESTATEOFNEWYORK.(EXCLUDINGTHELAWSAPPLICABLETOCONFLICTSORCHOICEOFLAWOTHERTHANSECTIONS5-1401AND5-1402OFTHEGENERALOBLIGATIONSLAWOFTHESTATEOFNEWYORK).

SECTION 14. Headings .SectionheadingsinthisAgreementareincludedforconvenienceofreferenceonlyandshallnotaffecttheinterpretationofthisAgreementoranyotherLoanDocument.

[Theremainderofthispageleftblankintentionally]

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INWITNESSWHEREOF,theLoanParties,theLenders,theLetterofCreditIssuers,theSwingLineLenderandtheAdministrativeAgenthavecausedthisAgreementtobedulyexecutedbytheirrespectiveauthorizedofficersasofthedayandyearfirstabovewritten.

AMERICOLD REALTY OPERATING PARTNERSHIP,L.P.

By: /s/MarcJ.SmernoffName: MarcJ.SmernoffTitle: ChiefFinancialOfficer

AMERICOLD REALTY TRUST

By: /s/MarcJ.SmernoffName: MarcJ.SmernoffTitle: ChiefFinancialOfficer

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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AMERICOLD ACQUISITION, LLCAMERICOLD LOGISTICS, LLCAMERICOLD NEBRASKA LEASING LLCAMERICOLD PROPCO PHOENIX VAN BUREN LLCAMERICOLD REAL ESTATE, L.P.AMERICOLD REALTY, INC.AMERICOLD SAN ANTONIO PROPCO, LLCAMERICOLD TRANSPORTATION SERVICES, LLCART AL HOLDING LLCART FIRST MEZZANINE BORROWER GP LLCART FIRST MEZZANINE BORROWER OPCO 2006-2 L.P.ART FIRST MEZZANINE BORROWER OPCO GP 2006-2 LLCART FIRST MEZZANINE BORROWER PROPCO 2006-2 L.P.ART FIRST MEZZANINE BORROWER PROPCO GP 2006-2 LLCART FIRST MEZZANINE BORROWER, L.P.ART ICECAP HOLDINGS LLCART MANAGER L.L.C.ART MORTGAGE BORROWER GP LLCART MORTGAGE BORROWER, L.P.ART MORTGAGE BORROWER OPCO 2006-1A L.P.ART MORTGAGE BORROWER OPCO 2006-1B L.P.ART MORTGAGE BORROWER OPCO 2006-1C L.P.ART MORTGAGE BORROWER OPCO 2006-2 L.P.ART MORTGAGE BORROWER OPCO GP 2006-1A LLCART MORTGAGE BORROWER OPCO GP 2006-1B LLCART MORTGAGE BORROWER OPCO GP 2006-1C LLCART MORTGAGE BORROWER OPCO GP 2006-2 LLCART MORTGAGE BORROWER PROPCO 2006-1A L.P.ART MORTGAGE BORROWER PROPCO 2006-1B L.P.ART MORTGAGE BORROWER PROPCO 2006-1C L.P.ART MORTGAGE BORROWER PROPCO 2006-2 L.P.ART MORTGAGE BORROWER PROPCO GP 2006-1A LLCART MORTGAGE BORROWER PROPCO GP 2006-1B LLCART MORTGAGE BORROWER PROPCO GP 2006-1C LLCART MORTGAGE BORROWER PROPCO GP 2006-2 LLCART QUARRY TRS LLCART SECOND MEZZANINE BORROWER GP LLCART SECOND MEZZANINE BORROWER, L.P.ATLAS COLD STORAGE LOGISTICS LLCATLAS LOGISTICS GROUP RETAIL SERVICES (ATLANTA) LLCATLAS LOGISTICS GROUP RETAIL SERVICES (DENVER) LLCATLAS LOGISTICS GROUP RETAIL SERVICES (PHOENIX) LLCATLAS LOGISTICS GROUP RETAIL SERVICES (ROANOKE) LLCKC UNDERGROUND, L.L.C.VCD PLEDGE HOLDINGS, LLCVERSACOLD ATLAS LOGISTICS SERVICES USA LLCVERSACOLD LOGISTICS, LLCVERSACOLD MIDWEST LLCVERSACOLD NORTHEAST LOGISTICS, LLCVERSACOLD NORTHEAST, INC.VERSACOLD TEXAS, L.P.VERSACOLD USA, INC.

By: /s/MarcJ.SmernoffName: MarcJ.SmernoffTitle: ChiefFinancialOfficer

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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BANK OF AMERICA, N.A., asAdministrativeAgent

By: /s/AamirSaleemName: AamirSaleemTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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BANK OF AMERICA, N.A. , asaLender,aLetterofCreditIssuerandtheSwingLineLender

By: /s/JonathanSalzingerName: JonathanSalzingerTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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JPMORGAN CHASE BANK N.A., asaLenderandaLetterofCreditIssuer

By: /s/JaimeGitlerName: JaimeGitlerTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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COOPERATIEVE RABOBANK U.A.,NEW YORK BRANCH, asaLender

By: /s/OliviaLeongName: OliviaLeongTitle: ExecutiveDirector

By: /s/BramStevensName: BramStevensTitle: ManagingDirector

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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ROYAL BANK OF CANADA, asaLender

By: /s/BrianGrossName: BrianGrossTitle: AuthorizedSignatory

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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COMPASS BANK, AN ALABAMA BANKINGCORPORATION, asaLender

By: /s/DonByerlyName: DonByerlyTitle: SeniorVicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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CITIZENS BANK, NATIONAL ASSOCIATION, asaLender

By: /s/MichelleM.DawsonName: MichelleM.DawsonTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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REGIONS BANK, asaLender

By: /s/KyleD.UptonName: KyleD.UptonTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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SUNTRUST BANK, asaLender

By: /s/FrancineGlandtName: FrancineGlandtTitle: SeniorVicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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U.S. BANK NATIONAL ASSOCIATION, asaLender

By: /s/LoriY.JensenName: LoriY.JensenTitle: SeniorVicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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BRANCH BANK AND TRUST COMPANY, asaLender

By: /s/BradBowenName: BradBowenTitle: SeniorVicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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GOLDMAN SACHS LENDING PARTNERS LLC, asaLender

By: /s/AnnieCarrName: AnnieCarrTitle: AuthorizedSignatory

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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ZB, N.A. dba NATIONAL BANK OF ARIZONA, asaLender

By: /s/EricDamkoName: EricDamkoTitle: VicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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RAYMOND JAMES BANK FSB, asaLender

By: /s/MattSteinName: MattSteinTitle: SeniorVicePresident

[SignaturePagetoFirstAmendmenttoAmericoldCreditAgreement]

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ANNEXITOFIRSTAMENDMENT

Allocation of the PrepaymentTerm Lender Prepayment AmountBankofAmerica,N.A. $ 8,000,000.00JPMorganChaseBank,N.A. $ 5,000,000.00CooperatieveRabobankU.A.,NewYorkBranch $ 5,000,000.00RoyalBankofCanada $ 5,000,000.00CitizensBank,NationalAssociation $ 4,500,000.00RegionsBank $ 4,500,000.00SunTrustBank $ 4,500,000.00U.S.BankNationalAssociation $ 3,000,000.00BranchBankandTrustCompany $ 2,000,000.00GoldmanSachsLendingPartnersLLC $ 2,000,000.00ZB,N.A.dbaNationalBankofArizona $ 2,000,000.00CompassBank,anAlabamaBankingCorporation $ 2,250,000.00RaymondJamesBankFSB $ 2,250,000.00

Total $ 50,000,000.00

AnnexI

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ANNEXIITOFIRSTAMENDMENT

Schedule 1.1ACommitments, Applicable Percentages and Sublimits

RevolvingCreditCommitments

Lender Commitment

Applicable Percentage/RevolvingCredit Commitment

Percentage Letter of Credit

Sublimit BankofAmerica,N.A. $ 53,500,000.00 11.888888889% $40,000,000.00JPMorganChaseBank,N.A. $ 48,500,000.00 10.777777778% $40,000,000.00CooperatieveRabobankU.A.,NewYorkBranch $ 48,500,000.00 10.777777778% $ 0.00RoyalBankofCanada $ 48,500,000.00 10.777777778% $ 0.00CitizensBank,NationalAssociation $ 39,000,000.00 8.666666667% $ 0.00RegionsBank $ 39,000,000.00 8.666666667% $ 0.00SunTrustBank $ 39,000,000.00 8.666666667% $ 0.00U.S.BankNationalAssociation $ 29,000,000.00 6.444444444% $ 0.00BranchBankandTrustCompany $ 22,000,000.00 4.888888889% $ 0.00GoldmanSachsLendingPartnersLLC $ 22,000,000.00 4.888888889% $ 0.00ZB,N.A.dbaNationalBankofArizona $ 22,000,000.00 4.888888889% $ 0.00CompassBank,anAlabamaBankingCorporation $ 19,500,000.00 4.333333333% $ 0.00RaymondJamesBankFSB $ 19,500,000.00 4.333333333% $ 0.00

Total $450,000,000.00 100.000000000% $80,000,000.00

AnnexII

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TermCommitmentsLender Commitment Applicable PercentageBankofAmerica,N.A. $ 56,500,000.00 11.894736842%JPMorganChaseBank,N.A. $ 51,500,000.00 10.842105263%CooperatieveRabobankU.A.,NewYorkBranch $ 51,500,000.00 10.842105263%RoyalBankofCanada $ 51,500,000.00 10.842105263%CitizensBank,NationalAssociation $ 41,000,000.00 8.631578947%RegionsBank $ 41,000,000.00 8.631578947%SunTrustBank $ 41,000,000.00 8.631578947%U.S.BankNationalAssociation $ 31,000,000.00 6.526315789%BranchBankandTrustCompany $ 23,000,000.00 4.842105263%GoldmanSachsLendingPartnersLLC $ 23,000,000.00 4.842105263%ZB,N.A.dbaNationalBankofArizona $ 23,000,000.00 4.842105263%CompassBank,anAlabamaBankingCorporation $ 20,500,000.00 4.315789474%RaymondJamesBankFSB $ 20,500,000.00 4.315789474%

Total $475,000,000.00 100.000000000%

AnnexII

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Exhibit 99.1

Americold Realty Trust Announces Partial Repayment of Amounts Outstanding on Term Loanand Expansion of Revolver Capacity

ATLANTA,February6,2018—AmericoldRealtyTrust(NYSE:COLD)(the“Company”or“Americold”)announcedtodaythatithasutilizedcashonhandtorepay$50milliononitsoutstandingseniortermloanAfacilitythatwasoriginatedatthetimeoftheCompany’sinitialpublicoffering(“IPO”).Subsequenttotherepayment,thetotaloutstandingbalanceundertheCompany’sseniortermloanAfacilityis$475million.

Concurrently,theCompany’slendergroupincreaseditsaggregaterevolvingcreditcommitmentsontheCompany’sexisting$400millionseniorrevolvingcreditfacilityby$50millionto$450million.Asaresultofthesemodifications,theCompany’stotalaggregatecommitmentsunderitsseniorcreditfacilityremainunchangedat$925million.

About Americold Realty Trust

Americoldistheworld’slargestowneroftemperature-controlledwarehouses.BasedinAtlanta,Georgia,Americoldownsandoperates160temperature-controlledwarehouses,withapproximately1billioncubicfeetofstorage,intheUnitedStates,Canada,Australia,NewZealandandArgentina.Americold’sfacilitiesareanintegralcomponentofthesupplychainconnectingfoodproducers,processors,distributorsandretailerstoconsumers.Americoldservesover2,600customersandemploysapproximately11,000associatesworldwide.

Contacts:

InvestorRelationsAmericoldRealtyTrust10GlenlakeParkwaySuite600,SouthTowerAtlanta,GA30328Telephone:678-459-1959Email:[email protected]


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