Triton International Limited - TRTN STOCK NEWS

Triton International Limited (NYSE: TRTN) announced a $600 million offering of 0.800% Senior Secured Notes due 2023 at an offering price of 99.929%. The offering, expected to close on August 6, 2021, is aimed at repaying all outstanding notes of its subsidiary, Triton Container International Limited. Remaining proceeds will support corporate purposes such as expanding the container fleet and repaying secured debt. The Notes are offered to qualified institutional buyers only.

Triton International Limited (NYSE: TRTN) reported a net income of $54.7 million for Q2 2021, reflecting a diluted EPS of $0.81, which included $89.9 million in debt termination costs. Adjusted net income totaled $144.2 million, a 148.8% increase year-over-year. Container demand remained robust, with 99.5% utilization and over 400,000 TEU of new containers placed on hire. A quarterly dividend of $0.57 per share was declared, payable on September 23, 2021. Triton anticipates continued strong performance with projected increases in profitability and cash flows.

Triton International Limited (NYSE:TRTN) will conduct its second quarter 2021 earnings conference call on July 27, 2021, at 8:30 a.m. Eastern Time, following the earnings announcement at 7:00 a.m. The event will be available via live Webcast on www.trtn.com, with an archive accessible post-call. Triton is the largest global lessor of intermodal freight containers, managing a fleet of over 6.2 million TEU.

Triton International Limited (NYSE:TRTN) announced that CEO Brian Sondey will participate in a fireside chat at the UBS Global Industrials and Transportation Virtual Conference on June 9, 2021, at 4:00 p.m. ET. A live webcast and archived replay will be accessible via Triton's website.

The company is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet of 6.5 million twenty-foot equivalent units (TEU) across various global operations.

Triton International Limited (NYSE: TRTN) announced plans to redeem approximately $821 million in senior secured notes on June 28, 2021. The redemption includes several series of notes with a weighted average interest rate of 4.14%, notably higher than Triton's current funding costs. This strategic move aims to transition to unsecured investment-grade bonds, reducing overall financing costs. Triton estimates a make-whole premium of approximately $90 million, recoverable through lower future financing expenses. Post-redemption, TCIL will have around $560 million in institutional notes outstanding.

Triton International Limited (NYSE: TRTN) announced a successful pricing of $1.1 billion in Senior Secured Notes. This includes $500 million in 1.150% Notes due 2024 and $600 million in 3.150% Notes due 2031. The offering, set to close on June 7, 2021, will help refinance existing debt and fund the expansion of Triton's container fleet. The Notes are offered under specific regulations and are not registered under the Securities Act. Investors are cautioned about potential risks affecting future performance, including market demand and geopolitical factors.

Triton International Limited (NYSE: TRTN) reported a net income of $129.3 million or $1.92 per diluted share for Q1 2021, marking a 105.4% increase from the same quarter last year. The company’s utilization rate reached 99.3% as of March 31, 2021, and it has purchased $2.6 billion in new containers for the year. Triton declared a quarterly dividend of $0.57 per share, payable on June 24, 2021. The credit rating was upgraded to BBB- by S&P Global Ratings in March 2021, reflecting strong market performance and financial health.

Triton International Limited (NYSE:TRTN) will host its first quarter 2021 earnings conference call on April 29, 2021, at 8:30 a.m. Eastern Time. The earnings announcement will be available at 7:00 a.m. the same day. Investors can access the live Webcast and archived recording on www.trtn.com. Triton is the world’s largest lessor of intermodal freight containers, operating a fleet of over 6.2 million twenty-foot equivalent units (TEU), focusing on the leasing and sale of various intermodal containers and chassis.

Triton International Limited (NYSE: TRTN) announced a $600 million offering of 2.050% Senior Secured Notes due 2026, priced at 99.896% of principal. Closing is expected on April 15, 2021. Proceeds will fund general corporate purposes, including expanding TCIL’s container fleet and repaying existing secured debt. The offering is limited to qualified institutional buyers and non-U.S. persons. Notably, these Notes are not registered under the Securities Act and involve forward-looking statements with inherent risks, including operational disruptions and market fluctuations.