XML 90 R66.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Description of the Business - Narrative (Details)
$ / shares in Units, $ in Millions
1 Months Ended 2 Months Ended 12 Months Ended
Jan. 02, 2020
USD ($)
Jan. 02, 2020
CAD ($)
Nov. 21, 2019
USD ($)
Sep. 24, 2019
Sep. 23, 2019
May 01, 2019
USD ($)
Apr. 22, 2019
USD ($)
$ / shares
shares
Feb. 01, 2019
USD ($)
Dec. 04, 2018
USD ($)
Dec. 03, 2018
USD ($)
Sep. 18, 2018
USD ($)
$ / shares
shares
Feb. 06, 2018
USD ($)
Jan. 23, 2018
USD ($)
$ / shares
shares
Mar. 31, 2019
USD ($)
$ / shares
shares
Feb. 28, 2018
USD ($)
Jan. 31, 2020
CAD ($)
Dec. 31, 2019
USD ($)
warehouse
shares
Dec. 31, 2018
USD ($)
shares
Dec. 31, 2017
USD ($)
Dec. 31, 2010
shares
Aug. 23, 2018
USD ($)
Jan. 22, 2018
shares
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 178          
Underwriting fees and other offering costs                                 $ 0 $ 8,205,000 $ 0      
Number of common shares to be purchased by warrants (in shares) | shares                         18,574,619                  
Exercise price of warrants (in USD per share) | $ / shares                         $ 9.81                  
Shares issued for warrant exercise (in shares) | shares                         6,426,818                  
Deemed valuation of warrants (in USD per share) | $ / shares                         $ 15.00                  
Cash paid for acquisition of property, buildings and equipment                                 85,216,000 0 0      
Americold Realty Operating Partnership, L.P..                                            
Subsidiary, Sale of Stock [Line Items]                                            
Payment of stub dividend                                 135,443,000 86,679,000 48,666,000      
Outstanding borrowings                                 1,695,447,000          
Cash paid for acquisition of property, buildings and equipment                                 85,216,000 $ 0 0      
Americold Realty Operating Partnership, L.P.. | Term Loans | Senior Secured Term Loan A Facility                                            
Subsidiary, Sale of Stock [Line Items]                                            
Indebtedness repaid                       $ 50,000,000.0     $ 50,000,000              
Term of debt                         5 years                  
Face amount of debt                         $ 525,000,000.0                  
Proceeds from debt                         517,000,000.0                  
Outstanding borrowings                             $ 475,000,000.0              
Americold Realty Operating Partnership, L.P.. | Credit Facility | 2018 Senior Secured Revolving Credit Facility                                            
Subsidiary, Sale of Stock [Line Items]                                            
Additional accordion option                         $ 400,000,000.0                  
Americold Realty Operating Partnership, L.P.. | Credit Facility | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Change in commitment fee percentage                 0.50%                          
Americold Realty Operating Partnership, L.P.. | Term Loans and Credit Facility | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Aggregate commitments under credit agreements                       925,000,000.0                    
Americold Realty Operating Partnership, L.P.. | Revolving Credit Facility | Credit Facility | 2018 Senior Secured Revolving Credit Facility                                            
Subsidiary, Sale of Stock [Line Items]                                            
Term of debt                         3 years                  
Increase in credit commitments                       50,000,000.0                    
Revolver borrowing capacity                       $ 450,000,000.0 $ 400,000,000.0                  
Outstanding borrowings                                 $ 0          
Americold Realty Operating Partnership, L.P.. | Revolving Credit Facility | Credit Facility | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Revolver borrowing capacity                 $ 800,000,000 $ 450,000,000                        
Americold Realty Operating Partnership, L.P.. | LIBOR | Term Loans and Credit Facility | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Basis spread on variable rate                 1.45% 2.35%                        
Americold Realty Operating Partnership, L.P.. | LIBOR | Revolving Credit Facility | Term Loans | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Basis spread on variable rate       1.00% 1.45%                                  
Americold Realty Operating Partnership, L.P.. | LIBOR | Revolving Credit Facility | Credit Facility | 2018 Senior Unsecured Credit Facilities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Basis spread on variable rate       0.90% 1.45%                       0.90%          
Common Stock                                            
Subsidiary, Sale of Stock [Line Items]                                            
Shares converted (in shares) | shares                         33,240,258         33,240,258        
Shares issued for warrant exercise (in shares) | shares                                   6,426,818        
Series B Preferred Shares                                            
Subsidiary, Sale of Stock [Line Items]                                            
Payment of accrued and unpaid dividends                         $ 1,200,000       $ 0 $ 1,817,000 $ 28,436,000      
PortFresh Holdings, LLC                                            
Subsidiary, Sale of Stock [Line Items]                                            
Cash paid for acquisition of property, buildings and equipment               $ 35,200,000                            
MHW Group Inc.                                            
Subsidiary, Sale of Stock [Line Items]                                            
Cash paid for acquisition of property, buildings and equipment     $ 50,100,000                                      
Lanier Cold Storage                                            
Subsidiary, Sale of Stock [Line Items]                                            
Aggregate cash consideration           $ 81,900,000                                
Nova Cold Logistics | Subsequent Event                                            
Subsidiary, Sale of Stock [Line Items]                                            
Consideration $ 257,100,000 $ 336.8                           $ 336.8            
IPO                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                         33,350,000                  
Initial offering price (in USD per share) | $ / shares                         $ 16.00                  
Net proceeds from offering                         $ 493,600,000                  
Underwriting fees and other offering costs                         40,000,000.0                  
Payment of stub dividend                         3,100,000                  
Net proceeds from offering used for general corporate purposes                         184,400,000                  
IPO | Americold Realty Operating Partnership, L.P.. | Term Loans | Senior Secured Term Loan B Facility                                            
Subsidiary, Sale of Stock [Line Items]                                            
Indebtedness repaid                         285,100,000                  
Payment of accrued and unpaid interest and closing expense                         3,000,000.0                  
Payment of closing expense                         200,000                  
IPO | Americold Realty Operating Partnership, L.P.. | Construction Loan | Clearfield, Utah and Middleboro Massachusetts Construction Loans                                            
Subsidiary, Sale of Stock [Line Items]                                            
Indebtedness repaid                         20,900,000                  
IPO | Series A Preferred Shares                                            
Subsidiary, Sale of Stock [Line Items]                                            
Payment for redemption of preferred shares                         $ 100,000                  
Underwriters' Option                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares             6,562,000           4,350,000 6,063,105                
Public Offering                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares             42,062,000       4,000,000                      
Initial offering price (in USD per share) | $ / shares             $ 29.75       $ 24.50     $ 27.75                
Net proceeds from offering             $ 1,210,000,000       $ 92,500,000     $ 1,100,000,000                
Underwriting fees and other offering costs                           $ 1,500,000                
Number of shares subject to forward sale agreement (in shares) | shares             8,250,000       6,000,000                      
Public Stock Offering - YF ART Holdings L.P.                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                     16,500,000     38,422,583                
Public Stock Offering - Goldman Sachs                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                     9,100,000     8,061,228                
Public Stock Offering - Fortress Entities                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                     7,200,000                      
At the Market Equity Program                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                                 0          
Authorized equity program                                         $ 500,000,000.0  
YF ART Holdings L.P.                                            
Subsidiary, Sale of Stock [Line Items]                                            
Ownership percentage before IPO                         100.00%                  
Ownership percentage after IPO                                 25.90%          
Goldman | Common Stock                                            
Subsidiary, Sale of Stock [Line Items]                                            
Shares converted (in shares) | shares                         28,808,224                  
CMHI                                            
Subsidiary, Sale of Stock [Line Items]                                            
Ownership percentage after IPO                         3.10%                  
CMHI | Common Stock                                            
Subsidiary, Sale of Stock [Line Items]                                            
Shares converted (in shares) | shares                         4,432,034                  
CMHI | Series B Preferred Shares                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares sold (in shares) | shares                                       50,000    
U.S.                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 160          
Australia                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 6          
New Zealand                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 7          
Argentina                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 2          
Canada                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of warehouses | warehouse                                 3          
Americold Realty Operating Partnership, L.P.. | General Partner                                            
Subsidiary, Sale of Stock [Line Items]                                            
Ownership of partnership                                 99.00%          
Americold Realty Operating Partnership, L.P.. | Limited Partner                                            
Subsidiary, Sale of Stock [Line Items]                                            
Ownership of partnership                                 1.00%          
Goldman | Series B Preferred Shares                                            
Subsidiary, Sale of Stock [Line Items]                                            
Number of shares issued (in shares) | shares                                           325,000