Americold and EQT $1.3 Billion Joint Venture
Sector: Commercial • Location: Pedricktown, Logan Township, Dallas, Dunkirk, New Jersey, Texas, New York, United States
Source: The Real Deal
Americold Realty Trust entered into a $1.3 billion joint venture deal with EQT involving 12 cold storage facilities across the U.S. The joint venture will bring in about $1.1 billion in cash to pay down Americold's debt. EQT will hold a 70% interest, while Americold retains 30% and continues managing the properties. The facilities include locations in Pedricktown and Logan Township, New Jersey; Da
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Americold Realty Trust entered into a $1.3 billion joint venture deal with EQT involving 12 cold storage facilities across the U.S. The joint venture will bring in about $1.1 billion in cash to pay down Americold's debt. EQT will hold a 70% interest, while Americold retains 30% and continues managing the properties. The facilities include locations in Pedricktown and Logan Township, New Jersey; Dallas; and Dunkirk, New York. The deal is expected to close in the third quarter of 2026. Americold aims to reduce its heavy debt load and pursue future development opportunities, including a potential 20-year cold storage project with McCain Foods. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |