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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 a public secondary offering of 10,706,982 common shares by Vestar Capital Partners and affiliated funds, effective October 1, 2020. Triton is not participating in the sale and will not receive any proceeds. Post-offering, the selling shareholders will no longer hold Triton shares. Goldman Sachs is the sole underwriter. This offering is made under an existing shelf registration statement filed with the SEC. Forward-looking statements include risks like market conditions and the impact of COVID-19 on business.