AMERICOLD REALTY TRUST 8-K

What Happened
Americold Realty Trust (COLD) and its operating partnership filed an 8‑K reporting that on December 19, 2025 they entered into a Second Amendment to their Credit Agreement (originally dated August 23, 2022) with Bank of America, N.A. as administrative agent. The amendment creates a new $250 million U.S. dollar unsecured delayed‑draw term loan facility (the “2025 Delayed Draw Facility”). The company says the facility is expected to be used to repay approximately $200 million of the Operating Partnership’s 4.68% senior unsecured notes due January 8, 2026, and for general corporate purposes. The full Second Amendment is filed as Exhibit 10.1 to the 8‑K.

Key Details

• Amendment effective date: December 19, 2025.
• New facility: $250 million unsecured delayed‑draw term loan.
• Planned use: repay ~ $200 million of 4.68% senior unsecured notes maturing January 8, 2026; remainder for general corporate purposes.
• Administrative agent: Bank of America, N.A.; amendment to Credit Agreement dated August 23, 2022.

Why It Matters
This amendment creates a new, committed funding source that the company intends to use to address near‑term debt maturing in January 2026. For investors, that reduces immediate refinancing pressure on Americold’s balance sheet by providing liquidity to repay a large portion of the upcoming note maturity. The filing also notes the amendment establishes a new direct financial obligation for the company (Item 2.03), which investors should consider when assessing near‑term leverage and cash‑flow needs.