Here are the 424B prospectus supplements from Triton Internat (TRTN) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow TRTN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRTN filings page.
Triton Container International Limited and TAL International Container Corporation, subsidiaries of Triton International Limited, plan a new senior unsecured notes offering fully and unconditionally guaranteed by Triton on a senior basis. The notes rank equally with the issuers’ other unsubordinated debt but are effectively subordinated to secured and subsidiary-level borrowings and include optional redemption and a 101% change-of-control repurchase feature.
Triton is the world’s largest lessor of intermodal containers, with a fleet of about 4.3 million containers and chassis as of September 30, 2025. For the nine months ended September 30, 2025, total leasing revenues were $1,026,756 thousand and net income attributable to common shareholders was $341,306 thousand. As of the same date, total debt outstanding was $6,801,435 thousand and total equity was $2,578,915 thousand, reflecting a highly leveraged capital structure.
Use of proceeds from the new notes is expected to be for general corporate purposes, including purchasing containers, paying dividends and repaying or repurchasing debt, such as borrowings under Triton’s revolving credit facility, which had $1,155 million outstanding at a 5.41% annual rate and matures on August 7, 2030. Recently, Triton also issued 7 million Series G preference shares, generating approximately $169.3 million in net proceeds to support similar corporate needs.
Triton International Limited is offering 7,000,000 of its 7.500% Series G Cumulative Redeemable Perpetual Preference Shares at $25.00 liquidation preference per share. These shares pay cumulative quarterly dividends at 7.500% per year, or $1.875 per share, with the first dividend of $0.3281 per share expected on March 15, 2026 if declared.
Triton may redeem the shares on or after March 15, 2031 at $25.00 per share, or at $25.50 per share after certain rating agency events, plus any accumulated and unpaid dividends. Holders also gain a conversion right into common shares if a specified change of control and delisting event occurs, unless the shares are redeemed. Net proceeds of approximately $169.3 million are expected to be used for general corporate purposes, including buying containers, paying dividends and repaying or repurchasing debt.
Triton describes itself as the world’s largest lessor of intermodal containers, with about 4.3 million containers and chassis in its fleet as of September 30, 2025. All common shares are privately held by a Brookfield Infrastructure affiliate, while multiple earlier series of preference shares are already listed on the NYSE. The company highlights significant existing debt and notes that the Series G shares will be junior to all indebtedness and other liabilities, and that investing in the issue involves a high degree of risk.