Triton International Limited Announces Public Offering of Common Shares
05 Setembro 2017 - 5:17PM
Business Wire
Triton International Limited (NYSE:TRTN) (the “Company” or
“Triton”) today announced the commencement of a public offering of
$200,000,000 of the Company’s common shares, including $175,000,000
of common shares to be sold by the Company and $25,000,000 of
common shares to be sold by certain affiliates of Warburg Pincus
LLC (the “Selling Shareholders”). The underwriters have been
granted a 30-day option to purchase up to an additional $26,250,000
and $3,750,000 of common shares from the Company and the Selling
Shareholders, respectively. The offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
The Company intends to use the net proceeds from this offering
for general corporate purposes, including the purchase of
containers. The Company will not receive any proceeds from the sale
of shares to be offered by the Selling Shareholders.
BofA Merrill Lynch, Wells Fargo Securities and RBC Capital
Markets are acting as joint book-running managers for the offering.
The offering will be made pursuant to an existing effective
registration statement, previously filed with the Securities and
Exchange Commission (the “SEC”). The offering will be made only by
means of a prospectus and a related prospectus supplement, copies
of which may be obtained on the SEC’s website at www.sec.gov.
Copies of the prospectus and prospectus supplement may also be
obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus
Department, or e-mail dg.prospectus_requests@baml.com; Wells Fargo
Securities, Attention: Equity Syndicate Department, 375 Park
Avenue, New York, NY, 10152, at (800) 326-5897 or email a request
to cmclientsupport@wellsfargo.com; and RBC Capital Markets, LLC,
200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention:
Equity Syndicate; Tel: (877) 822-4089; email:
equityprospectus@rbccm.com.
This press release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Important Cautionary Information Regarding Forward-Looking
Statements
Certain statements in this release, other than purely historical
information, are “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
that include the words “expect,” “intend,” “plan,” “believe,”
“project,” “anticipate,” “will,” “may,” “would” and similar
statements of a future or forward-looking nature may be used to
identify forward-looking statements. All forward-looking statements
address matters that involve risks and uncertainties, many of which
are beyond Triton’s control. Accordingly, there are or will be
important factors that could cause actual results to differ
materially from those indicated in such statements and, therefore,
you should not place undue reliance on any such statements.
These factors include, without limitation, economic, business,
competitive, market and regulatory conditions and the following:
failure to realize the anticipated benefits of the combination of
Triton Container International Limited (“TCIL”) and TAL
International Group, Inc. (“TAL”), decreases in the demand for
leased containers; decreases in market leasing rates for
containers; difficulties in re-leasing containers after their
initial fixed-term leases; customers’ decisions to buy rather than
lease containers; dependence on a limited number of customers for a
substantial portion of its revenues; customer defaults; decreases
in the selling prices of used containers; extensive competition in
the container leasing industry; difficulties stemming from the
international nature of its businesses; decreases in demand for
international trade; disruption to its operations resulting from
political and economic policies of foreign countries, particularly
China; disruption to its operations from failures of or attacks on
its information technology systems; compliance with laws and
regulations related to security, anti-terrorism, environmental
protection and corruption; ability to obtain sufficient capital to
support its growth; restrictions on its businesses imposed by the
terms of its debt agreements; and other risks and uncertainties,
including those risk factors listed under the caption “Risk
Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2016 filed with the SEC on March 17, 2017 and our
preliminary prospectus supplement and accompanying prospectus
related to the public offering filed with the SEC on September 5,
2017.
The foregoing list of important factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included herein and elsewhere. Any
forward-looking statements made herein are qualified in their
entirety by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by us
will be realized or, even if substantially realized, that they will
have the expected consequences to, or effects on, Triton or its
businesses or operations. Except to the extent required by
applicable law, we undertake no obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
About Triton International Limited
Triton International Limited is the parent of Triton Container
International Limited and TAL International Group, Inc., each of
which merged under Triton on July 12, 2016 to create the world’s
largest lessor of intermodal freight containers. With a container
fleet of approximately 5.3 million twenty-foot equivalent units,
the Triton group’s global operations include acquisition, leasing,
re-leasing and subsequent sale of multiple types of intermodal
containers.
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version on businesswire.com: http://www.businesswire.com/news/home/20170905006483/en/
Investors:Triton International LimitedAndrew
Greenberg, 914-697-2900Senior Vice PresidentFinance & Investor
Relations
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