Welcome to our dedicated page for Triton Internat news (Ticker: TRTN), a resource for investors and traders seeking the latest updates and insights on Triton Internat stock.
Triton International Limited (TRTN) is described in its public communications as the world’s largest lessor of intermodal freight containers, with a fleet of over 7 million twenty-foot equivalent units (TEU) of owned and managed containers. The news flow around Triton focuses on container leasing, capital markets activity, corporate transactions and strategic partnerships that affect its container fleet and financing structure.
Readers of this news page can follow announcements about Triton’s preference share offerings, such as the pricing and completion of offerings of its 7.625% Series F and 7.500% Series G Cumulative Redeemable Perpetual Preference Shares. These releases describe the terms of the securities, intended use of proceeds for general corporate purposes, and planned or existing listings of the preference shares on the New York Stock Exchange under dedicated symbols.
Triton’s news also covers corporate and financing developments, including amendments to its asset-backed warehouse facility, consent solicitations related to fixed rate notes secured by pools of intermodal containers, and the completion of securitization or other financing arrangements. These items provide insight into how the company funds its container fleet and manages its debt profile.
Another recurring theme in Triton’s news is strategic transactions. The company has issued press releases about its agreement to acquire Global Container International LLC and the subsequent completion of that acquisition, as well as a strategic long-term partnership with Sumitomo Mitsui Finance and Leasing Company, Limited. Earlier, Triton announced the completion of its acquisition by Brookfield Infrastructure Partners L.P., noting that its common shares ceased trading on the NYSE while its preference shares remained listed.
Investors and analysts can use this page to review historical and ongoing announcements related to Triton’s container fleet growth, capital structure, preference share dividends, financing facilities and major corporate transactions.
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Triton International Limited (NYSE:TRTN) announced its first quarter 2023 earnings release scheduled for May 2, 2023. Notably, this release will not be accompanied by an earnings conference call due to the pending acquisition by Brookfield Infrastructure, as previously disclosed on April 12, 2023. Triton International is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet exceeding 7 million twenty-foot equivalent units (TEU). The company's global operations encompass the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) has announced its acquisition by Brookfield Infrastructure Partners (NYSE: BIP) in a cash and stock deal valued at approximately
Triton International Limited (NYSE: TRTN) has announced its acquisition by Brookfield Infrastructure Partners (NYSE: BIP) in a deal valued at approximately $4.7 billion, representing a total enterprise value of $13.3 billion. Shareholders will receive $85 per share, with $68.50 in cash and $16.50 in Brookfield Infrastructure Corporation (BIPC) shares. This consideration reflects a 35% premium over Triton’s closing share price on April 11, 2023. The transaction has been unanimously approved by Triton's Board of Directors and is expected to close in the fourth quarter of 2023, pending shareholder and regulatory approvals. Triton will maintain its current quarterly dividend until closing, after which its shares will be delisted from the NYSE.
Triton International Limited (NYSE:TRTN) announced the nomination of Terri A. Pizzuto to its Board of Directors, to be included in the proxy statement for the Annual General Meeting on April 27, 2023. Pizzuto brings extensive experience from her role as Executive VP and CFO at Hub Group, Inc., and a long tenure at Arthur Andersen. Her addition is part of Triton’s commitment to Board diversity and succession planning, with a slate of nominees that includes nine independent candidates and three women. If elected, she will also serve on the Audit Committee.