Sidley represented BofA Merrill Lynch, J.P. Morgan, RBC Capital Markets and the other underwriters in the $833.5 million initial public offering of Americold Realty Trust (NYSE: COLD), the world’s largest owner and operator of temperature-controlled warehouses, that priced on January 18, 2018.
Americold Realty Trust finalized the pricing of its initial public offering of 45,300,000 common shares at a public offering price of $16.00 per share.
Americold is issuing and selling 29,000,000 common shares and selling shareholders are selling an additional 16,300,000 common shares. The common shares are expected to begin trading on the New York Stock Exchange on January 19, 2018 under the ticker symbol “COLD.” The offering is expected to close on January 23, 2018, subject to customary closing conditions.
In addition, Americold and the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 6,795,000 common shares consisting of 4,350,000 common shares from Americold and 2,445,000 common shares from the selling shareholders at the initial public offering price, less the underwriting discount.
The Sidley deal team was led by REIT capital markets partners Edward Petrosky (Picture) and Jerry Cummins and counsel Meaghan O’Toole, who were supported by associates Adam Gross and Colin Huston-Liter. Partners Chris Brause and Dave Miller headed up the tax team and were assisted by associate Joshua Lingerfelt, while Rob Hardy handled ERISA matters. Counsel Ben Nager handled FINRA matters with assistance from partner David Katz. Partner Corey Perry worked on executive compensation matters, while partner Tom Kim and senior counsel Michael Hyatte also provided support on securities laws matters. Counsel Maureen Crough worked on environmental aspects and partner Mark Poole covered real estate.
Involved fees earner: Edward Petrosky – Sidley Austin LLP; Jerry Cummins – Sidley Austin LLP; Meaghan O’Toole – Sidley Austin LLP; Adam Gross – Sidley Austin LLP; Colin Huston-Liter – Sidley Austin LLP; Thomas Kim – Sidley Austin LLP; Michael Hyatte – Sidley Austin LLP; Christian Brause – Sidley Austin LLP; David Miller – Sidley Austin LLP; Joshua Lingerfelt – Sidley Austin LLP; Robert Hardy – Sidley Austin LLP; Corey Perry – Sidley Austin LLP; Benjamin Nager – Sidley Austin LLP; David Katz – Sidley Austin LLP; Maureen Crough – Sidley Austin LLP; Mark Poole – Sidley Austin LLP;
Law Firms: Sidley Austin LLP;