XML 79 R60.htm IDEA: XBRL DOCUMENT v3.19.2
Debt of the Operating Partnership - Additional Information (Details)
6 Months Ended
Dec. 04, 2018
USD ($)
Nov. 06, 2018
USD ($)
Jun. 30, 2019
USD ($)
May 01, 2019
USD ($)
Apr. 26, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 03, 2018
USD ($)
Jun. 30, 2018
May 01, 2013
USD ($)
warehouse
instrument
Debt Instrument [Line Items]                  
Letter of credit amount outstanding     $ 29,300,000     $ 29,600,000      
Installment Notes Payable | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Borrowing base collateral value     $ 500,000            
Installment Notes Payable | Minimum | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Interest rate     1.00%            
Implied percentage     4.60%            
Installment Notes Payable | Maximum | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Interest rate     1.70%            
Implied percentage     4.90%            
Americold Realty Operating Partnership, L.P.                  
Debt Instrument [Line Items]                  
Carrying value of notes payable     $ 1,710,523,000            
Americold Realty Operating Partnership, L.P. | Line of Credit | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Change in fee on unused borrowing capacity 0.50%                
Maximum leverage ratio     60.00%            
Minimum base coverage ratio     1.00            
Minimum fixed charge coverage ratio     1.40         1.50  
Minimum borrowing base debt service coverage ratio     2.00            
Minimum tangible net worth requirement     $ 900,000,000            
Minimum tangible net worth requirement, additional percentage of net equity proceeds     70.00%            
Maximum recourse secured debt ratio     0.2            
Americold Realty Operating Partnership, L.P. | Line of Credit | Revolving Credit Facility | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Revolver borrowing capacity $ 800,000,000           $ 450,000,000    
Revolver borrowing capacity, foreign currencies 400,000,000                
Unamortized debt issuance cost $ 8,900,000   $ 4,200,000            
Fair value of notes payable     $ 0     0      
Implied percentage     0.36%            
Americold Realty Operating Partnership, L.P. | Line of Credit | Revolving Credit Facility | LIBOR | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Applicable interest rate     1.45%            
Americold Realty Operating Partnership, L.P. | Line of Credit and Medium-Term Notes | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Gross value of assets included in calculations under credit agreement     $ 4,200,000,000            
Borrowing base collateral value     2,500,000,000            
Letter of credit amount outstanding     $ 29,200,000            
Americold Realty Operating Partnership, L.P. | Line of Credit and Medium-Term Notes | Revolving Credit Facility | LIBOR | Minimum | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Applicable interest rate     2.35%            
Americold Realty Operating Partnership, L.P. | Line of Credit and Medium-Term Notes | Revolving Credit Facility | LIBOR | Maximum | 2018 Senior Unsecured Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Applicable interest rate     1.45%            
Americold Realty Operating Partnership, L.P. | Senior Notes | Senior Unsecured Notes                  
Debt Instrument [Line Items]                  
Maximum leverage ratio     60.00%            
Minimum fixed charge coverage ratio     1.50            
Minimum principal for repayment of debt   5.00%              
Notice period for repayment of debt   10 days              
Principal repayment if change in control occurs   100.00%              
Maximum unsecured indebtedness to qualified assets ratio     0.60            
Minimum unsecured debt service ratio     2.00            
Maximum total secured indebtedness ratio     0.40            
Fair value of notes payable     $ 1,009,375,000     609,500,000      
Americold Realty Operating Partnership, L.P. | Senior Notes | Series C 4.10% notes due 2030                  
Debt Instrument [Line Items]                  
Face amount of debt         $ 350,000,000        
Interest rate     4.10%   4.10%        
Fair value of notes payable     $ 361,375,000     0      
Implied percentage     4.16%            
Americold Realty Operating Partnership, L.P. | Senior Notes | Series A 4.68% notes due 2026                  
Debt Instrument [Line Items]                  
Face amount of debt   $ 200,000,000              
Interest rate   4.68% 4.68%            
Fair value of notes payable     $ 215,000,000     202,500,000      
Implied percentage     4.77%            
Americold Realty Operating Partnership, L.P. | Senior Notes | Series B 4.86% notes due 2029                  
Debt Instrument [Line Items]                  
Face amount of debt   $ 400,000,000              
Interest rate   4.86% 4.86%            
Fair value of notes payable     $ 433,000,000     407,000,000      
Implied percentage     4.92%            
Americold Realty Operating Partnership, L.P. | Senior Notes | Discount Rate | Senior Unsecured Notes                  
Debt Instrument [Line Items]                  
Discount rate   0.005              
Americold Realty Operating Partnership, L.P. | Mortgage Loans | 2010 CMBS Financing                  
Debt Instrument [Line Items]                  
Indebtedness repaid   $ 600,000,000              
Americold Realty Operating Partnership, L.P. | Mortgage Loans | 2013 Mortgage Loans                  
Debt Instrument [Line Items]                  
Minimum borrowing base debt service coverage ratio                 1.10
Face amount of debt                 $ 322,000,000.0
Number of properties | warehouse                 15
Restricted cash associated with debt     $ 3,400,000            
Debt service coverage ratio     1.72            
Fair value of notes payable     $ 290,162,000     283,687,000      
Americold Realty Operating Partnership, L.P. | Mortgage Loans | Minimum | 2013 Mortgage Loans                  
Debt Instrument [Line Items]                  
Interest rate                 3.81%
Americold Realty Operating Partnership, L.P. | Mortgage Loans | Maximum | 2013 Mortgage Loans                  
Debt Instrument [Line Items]                  
Interest rate                 11.50%
Americold Realty Operating Partnership, L.P. | Mezzanine Notes | 2013 Mortgage Loans                  
Debt Instrument [Line Items]                  
Number of notes | instrument                 2
Americold Realty Operating Partnership, L.P. | Installment Notes Payable | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Fair value of notes payable     $ 13,300,000 $ 13,300,000   $ 0      
Carrying value of notes payable       20,600,000          
Enterprise IL NMTC Fund I, LLC                  
Debt Instrument [Line Items]                  
Fixed interest rate for notes receivable     1.10%            
Implied interest rate for notes receivable     3.70%            
Chase NMTC Cloverleaf ASP Investment Fund LLC                  
Debt Instrument [Line Items]                  
Fixed interest rate for notes receivable     1.50%            
Implied interest rate for notes receivable     3.40%            
Enterprise IL NMTC Fund I, LLC and Chase NMTC Cloverleaf ASP Investment Fund LLC                  
Debt Instrument [Line Items]                  
Carrying value of notes receivable       14,900,000          
Enterprise IL NMTC Fund I, LLC and Chase NMTC Cloverleaf ASP Investment Fund LLC | Americold Realty Operating Partnership, L.P.                  
Debt Instrument [Line Items]                  
Fair value of notes receivable       $ 11,000,000          
Through 2022 | Installment Notes Payable | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Annual payments     $ 300,000            
Through 2022 | Enterprise IL NMTC Fund I, LLC and Chase NMTC Cloverleaf ASP Investment Fund LLC                  
Debt Instrument [Line Items]                  
Annual payments to be received from notes receivable     200,000            
From 2022 Through Maturity | Installment Notes Payable | Installment Notes Payable                  
Debt Instrument [Line Items]                  
Annual payments     1,000,000            
From 2022 Through Maturity | Enterprise IL NMTC Fund I, LLC and Chase NMTC Cloverleaf ASP Investment Fund LLC                  
Debt Instrument [Line Items]                  
Annual payments to be received from notes receivable     $ 800,000