Highly Diversified Business Model Produces Stable Cash Flows
Russellville, AR Expansion for Conagra Brands
The Russellville highly automated expansion is an opportunity to provide mission critical, long-term
infrastructure for a top tier strategic customer
Transaction Overview
■ COLD is expanding its Russellville, Arkansas facility for a total of
~$84mm in a dedicated build for Conagra Brands
Construction expected to start in Q4 2020 and is expected to fully
stabilize in Q1 2024
CONAGRA
BRANDS.
-
Expected to generate stabilized NOI ROIC of ~10%-12%
Duncan
-
CAG is a top tier strategic customer
Conagra Brands (NYSE: CAG) is one of North America's leading branded
food companies
Hines
slim
Jim
earth
balance
gardein
-
CAG is rated BBB-/Baa3/BBB by S&P, Moody's, Fitch (1)
COLD has served CAG for decades in multiple locations
Marie
Callender's
BIRDS EYE
Healthy
Choice
Reddi Vlasic
Wip
ANGIE'S
BOOM
CHICKA
POP
Frontera
Hunts
Orville
edenbacher
udis
Gluten Free
DUKE'S
PAM
Expansion at a Glance
Clear Height
~130 feet
Cubic Feet
~13mm cubic feet
Pallet Positions
~42K pallet positions
(1)
Ratings as of December 31, 2020
americOLO CONAGRA
ameriCOLD
19
americOLD.View entire presentation