Tuesday, October 13th, 2020
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Americold Realty Trust continues to grow its footprint with its announcement that it has entered in a definitive agreement to buy privately-held Agro Merchants Group from an investor group led by funds managed by Oaktree Capital Management, L.P. for $1.74 billion in a cash-and-stock transaction. The acquisition is subject to customary and regulatory closing conditions and closing is expected to occur late in the fourth quarter of 2020 or early in the first quarter of 2021.
The transaction consists of $554.3 million in Americold common shares, which will be subject to a lockup period until May 17, 2021, $519 million in cash, repayment of approximately $560 million of in-place Agro debt and the assumption of approximately $110 million of in-place Agro capital leases and sale leaseback financing obligations. The latter is to be off-set by any cash on hand net of debt-like items and working capital adjustments.
Based on estimated
If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house?
In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance, which will help walk you through what you need to know from beginning to end.… Read More