Americold Marketing $600 Million of Commercial-Mortgage Bonds
Stock Chart for Ares Commercial Real Estate Corp (ACRE)
Americold Realty Trust, the warehouse operater owned by Yucaipa Cos., is marketing $600 million of bonds backed by mortgage debt, according to a person familiar with the transaction.
The securities are tied to a ten-year loan secured by 53 properties across the U.S., said the person, who declined to be identified because terms aren’t public. JPMorgan Chase & Co. and Goldman Sachs Group Inc. are managing the sale, the person said.
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