News Summary

• Americold will contribute 12 cold storage facilities to the joint venture with an aggregate value in excess of $1.3 billion at inception.
• The facilities are located across the United States and comprise a total of approximately 124 million cubic feet of temperature-controlled capacity.
• The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.
• Americold expects to receive approximately $ 1.1 billion in net cash proceeds from the transaction, which will be used to repay outstanding debt.