Lineage, Inc.

(19)Subsequent events

(a)Sale of Salt Lake City, UT warehouse

On October 13, 2026, the Company sold a warehouse in Salt Lake City, UT to the customer who previously leased it for $29 million of cash consideration, with a $10 million gain on sale.

(b)Farm Credit Term Loan

On November 3, 2026, the Company entered into a term loan agreement (the “Farm Credit Facility Agreement”) with CoBank, ACB as administrative agent and the lenders signatory thereto. The Farm Credit Facility Agreement provides for a senior unsecured term loan facility in an aggregate principal amount of $500 million, which matures on November 3, 2033.

Borrowings under the Farm Credit Facility Agreement bear interest at either, at the Company’s election, Term SOFR or an alternative base rate, in each case plus an applicable interest rate margin of 1.750% per annum (for Term SOFR loans) or 0.750% per annum (for alternative base rate loans), subject to change based upon the Company’s credit ratings (as defined in the Farm Credit Facility Agreement).

The Company is eligible to receive annual patronage dividends from CoBank, ACB under a profit-sharing program made available to borrowers of the Farm Credit System. Patronage dividends are profit distributions made by the cooperative to its member-users based on the quantity or value of business done with the member-user. As a condition of borrowing under certain CoBank credit facilities, the Company maintains an equity interest in CoBank, including equity received through patronage dividends. Patronage dividends are estimated to be at approximately 100 basis points, of which approximately 75 basis points is expected to be distributed in cash and is a direct rebate of interest expense and approximately 25 basis points is expected to be distributed in equity.

The proceeds of $500 million from the Farm Credit Facility were used to repay a portion of the Revolving Credit Facility.