Triton International Ltd (TRTN) SEC Filings, Nov 2025-Mar 2026

Triton International Ltd filed an initial ownership report for director Romeo Roderick on Form 3. The filing lists him as a director but shows no reported transactions or holdings, with zero buys, sells, exercises, gifts, or other changes in Triton International (TRTN) shares.

Triton International Ltd filed an initial insider ownership report for Chief Executive Officer and director Brian Sondey. The Form 3 identifies him as an officer and director of the company. The provided data does not show any insider buy, sell, or other equity transactions.

Triton International Ltd executive Kevin Valentine, Senior Vice President of Triton Container Sales, filed an initial statement of beneficial ownership on Form 3. The filing shows no reportable common stock or derivative security holdings, establishing a baseline disclosure of his ownership status as an officer of the company.

Triton International Limited files its annual Form 20-F describing a large, globally diversified container leasing business now wholly owned by a Brookfield Infrastructure subsidiary. As of December 31, 2025, Triton had 101,158,891 common shares outstanding and a fleet of about 7.4 million TEU, including 0.8 million managed containers.

The company is the world’s largest lessor of intermodal containers, serving major shipping lines through long-term, finance and service leases; around 80.5% of the fleet by cost equivalent units is on long-term and finance leases, providing recurring cash flow. Triton highlights elevated 2024–2025 demand driven by Red Sea route disruptions and the 2025 acquisition of Global Container International.

Extensive risk disclosures emphasize global trade cycles, tariffs and U.S.–China tensions, concentration of manufacturing and leasing activity in China, geopolitical conflicts, customer credit risk, and a highly concentrated customer base, with the five largest customers generating about 66% of 2025 lease billings. Additional risks include substantial leverage and refinancing needs, interest-rate exposure despite hedging, IT and cybersecurity dependence, evolving tax regimes such as Bermuda’s new corporate income tax and OECD Pillar Two, and governance differences as a Bermuda-domiciled, foreign private issuer controlled by Brookfield Infrastructure.

Triton International Limited has completed a major debt financing through its subsidiaries Triton Container International Limited and TAL International Container Corporation. The co-issuers sold and issued $600,000,000 aggregate principal amount of 5.150% Senior Notes due 2033 to a syndicate of underwriters led by BofA Securities, MUFG, SMBC Nikko and Wells Fargo Securities.

The notes were issued under an indenture with Wilmington Trust as trustee and are fully and unconditionally guaranteed by Triton International Limited on a senior basis. This offering was conducted off an effective shelf registration statement on Form F-3, using a base prospectus and a January 13, 2026 prospectus supplement that describe the detailed note terms.

Through this transaction, Triton secures long-term fixed-rate funding to support its business, with the legal framework documented in the underwriting agreement, base indenture, supplemental indenture and related legal opinions filed as exhibits.

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 has completed an offering of 7,000,000 shares of its 7.500% Series G Cumulative Redeemable Perpetual Preference Shares. Each share has a par value of $0.01 and a liquidation preference of $25.00 per share. The shares were issued under an underwriting agreement dated January 7, 2026 with a syndicate led by Wells Fargo Securities, BofA Securities, Morgan Stanley & Co., RBC Capital Markets and UBS Securities.

The offering was made under Triton’s effective shelf registration statement on Form F‑3, using a base prospectus and a January 7, 2026 prospectus supplement. Triton is also formally incorporating into that registration statement the underwriting agreement, the certificate of designations setting the detailed terms of the Series G shares, and a Bermuda legal opinion and consent on the validity of the securities. A press release announcing the pricing of the offering, dated January 7, 2026, is attached as an exhibit.

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.

Triton International Limited amended and restated the loan agreement for its $1.125 billion asset-backed warehouse facility through subsidiaries TIF Funding LLC and TCIL Funding I LLC. As of the amendment date, $260.0 million was outstanding under this facility, which is secured by a pool of intermodal containers and related assets.

The changes add TCIL Funding I LLC as a borrower, bring in a new lender without changing the total lender commitments, and extend the revolving period to November 2028, during which borrowings bear interest at Daily Simple SOFR plus 1.50%. After the revolving period, any borrowings convert to term notes maturing in November 2032 with interest at Daily Simple SOFR plus 2.50%. The facility continues to include customary covenants for this type of financing.