FW: Lineage Logistics fattens coffers again with $1.9bn funding round

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FREIGHTWAVES reports:

The largest temperature-controlled logistics provider in the world, Lineage Logistics, announced Thursday it has raised $1.9 billion in equity from various investors. Lineage plans to use the capital to fund various new developments, facility expansions and tech initiatives. The company will also use the money to remain active acquiring smaller cold storage operators.

The latest funding round adds to the $1.6 billion equity raise the company completed in September, bringing the total to $4.3 billion since the beginning of 2020.

Lineage also announced a new $2.8 billion credit facility, consisting of a revolver and a term loan.

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