Lineage (LINE) Stock News, Apr-Jun 2025

Lineage (NASDAQ: LINE) has announced the pricing of $500 million in senior unsecured notes through its subsidiary Lineage OP, LP. The notes, due in 2030, are priced at 98.991% of principal with a 5.250% interest rate payable semi-annually. The offering is expected to close on June 17, 2025, and will be guaranteed by Lineage and its subsidiaries. The notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The company plans to use the proceeds to repay outstanding revolving credit facility amounts and for general corporate purposes.

Lineage (NASDAQ: LINE) has announced plans to offer senior notes through its subsidiary Lineage OP, LP in a private placement. The notes will be senior unsecured obligations, fully guaranteed by the Company, Lineage Logistics Holdings, LLC, and other subsidiary guarantors. The offering will be restricted to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The company plans to use the proceeds to repay outstanding amounts under its revolving credit facility and for general corporate purposes. The notes will not be registered under the Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or exemption.

Lineage (NASDAQ: LINE), the world's largest temperature-controlled warehouse REIT, has provided a business update prior to its upcoming presentation at Nareit's REITweek 2025 Investor Conference. The company confirmed that its second quarter performance is meeting expectations and reaffirmed its 2025 guidance. The fireside chat is scheduled for Tuesday, June 3, 2025, at 11:45 a.m. E.T., and the business update presentation is available on the company's investor relations website.

Lineage, the world's largest temperature-controlled warehouse REIT, announced the planned retirement of CFO Rob Crisci. The company has initiated a search for his successor with help from an executive search firm. Crisci, who joined Lineage in April 2023 and led the company through its IPO in July 2024, will remain in his position until a replacement is found and will assist with the transition. Prior to Lineage, he served as CFO at Roper Technologies for six years within his decade-long tenure there. CEO Greg Lehmkuhl praised Crisci's contributions, particularly highlighting his leadership during the company's successful IPO and his role in developing a strong finance team.

Lineage (NASDAQ: LINE), the world's largest temperature-controlled warehouse REIT, has announced its participation in Nareit's REITweek 2025 Investor Conference. The company's management will engage in a fireside chat on June 3, 2025, at 11:45 a.m. ET in New York. Investors can access the live audio webcast through the Events & Presentations section of Lineage's Investor Relations website at ir.onelineage.com, with a replay available after the event.

Lineage (NASDAQ: LINE) has completed the acquisition of Permanor AS, a Norwegian cold storage and logistics provider, expanding its Nordic presence. The deal includes operations and property in Haugesund and Brumunddal, adding approximately 24,500 pallet positions across 10,000 square meters of facilities. Permanor specializes in freezing, thawing, storage, and logistics services for the meat manufacturing industry and other food commodities. The Haugesund facility, built in 2009 and expanded in 2018, features over 880 solar panels and is strategically located near key harbors. The Brumunddal site, positioned an hour north of Oslo, serves as a crucial Norwegian food logistics hub. The acquisition strengthens Lineage's position as the world's largest temperature-controlled warehouse REIT and demonstrates its commitment to strategic growth and sustainability in the Nordic region.

Lineage, the world's largest temperature-controlled warehouse REIT, reported mixed Q1 2025 financial results with total revenue declining 2.7% to $1,292 million. The company maintained breakeven GAAP net income at $0.01 per diluted share, while Adjusted EBITDA decreased 7.0% to $304 million.

The highlight was a series of landmark agreements with Tyson Foods, including:

• $247 million acquisition of four cold storage warehouses
• Plans to build and operate two automated cold storage warehouses
• New warehousing agreement at Hazleton, Pennsylvania facility

Despite industry uncertainties due to U.S. tariff policies, Lineage maintains its 2025 guidance with expected adjusted EBITDA of $1.35-1.40 billion and AFFO per share of $3.40-3.60. The company declared a quarterly dividend of $0.5275 per share, representing an annual rate of $2.11 per share.

Lineage, the world's largest temperature-controlled warehouse REIT, has announced a major expansion of its U.S. cold-storage network through a partnership with Tyson Foods. The $1 billion expansion plan includes:

• Acquisition of 4 existing cold storage facilities from Tyson Foods for $247 million
• Development of 2 new fully automated warehouses
• Integration of over 1,000 Tyson Foods employees

The acquired facilities span 49 million cubic feet with 160,000 pallet positions across Pennsylvania, Kansas, Illinois, and Arizona. The new automated warehouses will add 80 million cubic feet and 260,000 pallet positions. Tyson Foods will be an anchor customer at these facilities, including Lineage's automated warehouse in Hazelton, PA, which uses their LinOS technology. The acquisition is expected to close in Q2 2025.

Lineage, the world's largest temperature-controlled warehouse REIT, has named ATS Intermodal, a Harbor Logistics operating company, as the recipient of its 2024 US Drayage East Carrier of the Year award. The recognition is part of Lineage's annual program honoring top transportation service providers across North America.

The selection process evaluates carriers across eight categories, including US National & Regional Truck Load (TL), US Drayage, Canadian Truckload, US Less-Than-Truckload (LTL), Dedicated Truckload and Regional Drayage Services, using both quantitative and qualitative performance criteria.

Jim Thompson, Vice President of Transportation at Lineage, emphasized the important role carrier partners play in delivering seamless supply chain solutions. Jeff Holzbauer, COO of Harbor Logistics, acknowledged the award, highlighting the collaborative relationship between the companies in optimizing the food supply chain.