Welcome to our dedicated page for Triton Internat news (Ticker: TRTN), a resource for investors and traders seeking the latest updates and insights on Triton Internat stock.
Triton International (TRTN) provides essential marine intermodal container leasing solutions to global logistics partners. This news hub offers investors and industry professionals timely updates on corporate developments shaping the container leasing market.
Access TRTN's official press releases alongside curated analysis of strategic initiatives, including fleet management innovations, partnership announcements, and market expansion efforts. Our aggregation ensures you stay informed about operational milestones affecting one of the world's youngest container fleets.
Key coverage areas include quarterly earnings disclosures, equipment deployment strategies, and sustainability initiatives within maritime logistics. All content is verified through primary sources to maintain factual accuracy.
Bookmark this page for streamlined access to TRTN's evolving role in global supply chain solutions. Regular updates ensure you never miss critical developments impacting container leasing markets.
Triton International Limited (NYSE:TRTN) has appointed Niharika Taskar Ramdev to its Board of Directors, expanding the board to 10 members. Ms. Ramdev, a seasoned finance executive, brings over 20 years of global experience from General Motors, where she held various CFO positions. Her expertise in finance, risk management, and international operations is anticipated to enhance Triton’s growth and shareholder value. Triton is the world’s largest lessor of intermodal freight containers, operating a fleet of 6.9 million TEU.
Triton International Limited (NYSE:TRTN) has declared an initial cash dividend of US$0.1078125 per share on its 5.75% Series E Cumulative Redeemable Perpetual Preference Shares. This dividend will be payable on September 15, 2021, to shareholders of record as of September 8, 2021. The declaration signifies Triton's commitment to returning value to its investors, covering the period from August 18, 2021, to September 15, 2021. Triton operates the world's largest fleet of intermodal freight containers.
Triton International Limited (NYSE:TRTN) announced the pricing of 7,000,000 Series E Cumulative Redeemable Perpetual Preference Shares at $25.00 each, raising $175 million. The offering, expected to close on August 18, 2021, aims to finance general corporate purposes, including container purchases, stock repurchases, dividends, and debt repayments. Leading financial institutions are managing the offering, which is being made under an effective SEC registration statement.
Triton International Limited (NYSE:TRTN) announces that CEO Brian Sondey will participate in a fireside chat at the Jefferies Virtual Industrials Conference on August 4, 2021, at 1:30 p.m. ET. Investors can access a live webcast and archived replay through Triton's website. Triton International is the world’s leading lessor of intermodal freight containers, boasting a fleet of 6.9 million twenty-foot equivalent units (TEUs). The company specializes in the acquisition, leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) announced plans to redeem approximately $649 million in outstanding senior secured notes on August 30, 2021. The redemption involves various notes from its subsidiaries, Triton Container International Limited and TAL International Container Corporation. The total redemption price includes estimated make-whole premiums of $44 million. Triton aims to transition towards unsecured investment-grade bonds, which will enhance financing flexibility and reduce costs. Post-redemption, Triton will have no remaining institutional notes outstanding.
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.
