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Triton International Limited reports developments tied to its intermodal freight container leasing business and its publicly traded preference shares. The company is described as the world’s largest lessor of intermodal freight containers, with global operations that include acquiring, leasing, re-leasing and selling multiple types of containers and chassis.
Recurring updates include quarterly dividends on Series A through Series G cumulative redeemable perpetual preference shares, asset-backed financing matters, subsidiary noteholder consent solicitations, and portfolio partnerships involving leased container assets. Company announcements also cover governance and security-structure matters related to its Bermuda issuer status and capital structure.
Triton International Limited (NYSE:TRTN) announced it will host its fourth quarter and full year 2021 earnings conference call on February 15, 2022, at 8:30 a.m. Eastern Time. The earnings announcement and presentation will be accessible by 7:00 a.m. the same day on the company's website. Triton is the largest lessor of intermodal freight containers globally, with a fleet of 7.1 million twenty-foot equivalent units (TEU). Investors can join the call by phone or via a Webcast, which will be archived for later access.
Triton International Limited (NYSE:TRTN) announced a public offering of $600 million in 3.250% Senior Notes due 2032, priced at 99.600% of the principal amount. The offering is expected to close on January 19, 2022, contingent on customary closing conditions. Proceeds will be used to repay borrowings from the company's revolving credit facility. The offering follows an effective shelf registration statement filed with the SEC. Citigroup, ING, Wells Fargo, Fifth Third, MUFG, and Truist are the joint book-running managers for this issuance.
Triton International Limited (NYSE: TRTN) will host a virtual investor day on November 17, 2021 at 10:30 a.m. ET. The executive team will discuss current market trends and Triton's performance, highlighting long-term benefits from the market and shareholder value creation. A Q&A session will follow the presentations. The event can be accessed through Triton's website, where presentation materials and an archived replay will be available.
Triton is the largest lessor of intermodal freight containers, managing a fleet of 7.1 million TEU.
Triton International Limited (NYSE:TRTN) will host its third quarter 2021 earnings conference call on October 26, 2021, at 8:30 a.m. ET. The earnings announcement will be made available at 7:00 a.m. the same day on www.trtn.com. The live call will be accessible via phone and Webcast, with an archive available one hour post-call. Triton is the largest global lessor of intermodal freight containers, operating a fleet of 6.9 million TEUs, and is engaged in the acquisition, leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) has announced a transition to primarily unsecured debt in its capital structure. Its subsidiary, Triton Container International Limited, amended its revolving credit facility, increasing the borrowing limit to $2 billion and extending the maturity date to October 14, 2026. Additionally, $2.3 billion of outstanding senior secured notes will now be unsecured. The company aims to enhance its financing structure for improved flexibility and competitiveness while maintaining strong financial performance.
Triton International Limited (NYSE:TRTN) has appointed Niharika Taskar Ramdev to its Board of Directors, expanding the board to 10 members. Ms. Ramdev, a seasoned finance executive, brings over 20 years of global experience from General Motors, where she held various CFO positions. Her expertise in finance, risk management, and international operations is anticipated to enhance Triton’s growth and shareholder value. Triton is the world’s largest lessor of intermodal freight containers, operating a fleet of 6.9 million TEU.
Triton International Limited (NYSE:TRTN) has declared an initial cash dividend of US$0.1078125 per share on its 5.75% Series E Cumulative Redeemable Perpetual Preference Shares. This dividend will be payable on September 15, 2021, to shareholders of record as of September 8, 2021. The declaration signifies Triton's commitment to returning value to its investors, covering the period from August 18, 2021, to September 15, 2021. Triton operates the world's largest fleet of intermodal freight containers.
Triton International Limited (NYSE:TRTN) announced the pricing of 7,000,000 Series E Cumulative Redeemable Perpetual Preference Shares at $25.00 each, raising $175 million. The offering, expected to close on August 18, 2021, aims to finance general corporate purposes, including container purchases, stock repurchases, dividends, and debt repayments. Leading financial institutions are managing the offering, which is being made under an effective SEC registration statement.
Triton International Limited (NYSE:TRTN) announces that CEO Brian Sondey will participate in a fireside chat at the Jefferies Virtual Industrials Conference on August 4, 2021, at 1:30 p.m. ET. Investors can access a live webcast and archived replay through Triton's website. Triton International is the world’s leading lessor of intermodal freight containers, boasting a fleet of 6.9 million twenty-foot equivalent units (TEUs). The company specializes in the acquisition, leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) announced plans to redeem approximately $649 million in outstanding senior secured notes on August 30, 2021. The redemption involves various notes from its subsidiaries, Triton Container International Limited and TAL International Container Corporation. The total redemption price includes estimated make-whole premiums of $44 million. Triton aims to transition towards unsecured investment-grade bonds, which will enhance financing flexibility and reduce costs. Post-redemption, Triton will have no remaining institutional notes outstanding.