Triton Completes Public Offering of Series B Preference Shares
25 Junho 2019 - 4:19PM
Business Wire
Yesterday Triton International Limited (“Triton” or the
“Company”) (NYSE:TRTN) completed its previously announced preferred
equity offering of 8.0% Series B Cumulative Redeemable Perpetual
Preference Shares, raising gross proceeds of $143.8 million
including the full exercise by the underwriters of their
over-allotment option.
“We are very pleased to have completed our second issuance of
perpetual preferred shares,” commented Brian M. Sondey, Chief
Executive Officer of Triton International Limited. “We continue to
believe the fixed-for-life preferred shares provide an attractive
combination of risk protection and cost and are a valuable addition
to our capital structure. In addition, our Series B issuance
reflected a 50 basis points improvement in pricing from our initial
offering of preferred shares in March.”
About Triton International Limited
Triton International Limited is the world’s largest lessor of
intermodal freight containers. With a container fleet of 6.1
million twenty-foot equivalent units ("TEU"), Triton’s global
operations include acquisition, leasing, re-leasing and subsequent
sale of multiple types of intermodal containers and chassis.
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version on businesswire.com: https://www.businesswire.com/news/home/20190625005940/en/
Triton International Limited Andrew Greenberg, 914-697-2900
Senior Vice President Finance & Investor Relations
Triton (NYSE:TRTN)
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