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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.
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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.
Triton International Limited (NYSE: TRTN) successfully completed an offering of $690.1 million in Fixed Rate Asset-Backed Series 2021-1 Class A Notes with a yield of 1.904%, and $34.9 million in Class B Notes with a yield of 2.604%. The offering raised over $3.5 billion since August 2020, supporting the company’s capital expenditure program. The notes are backed by containers and assets, rated 'A' and 'BBB' respectively, maturing in 2046. Proceeds will be used for corporate purposes, including repaying debt.
Triton International Limited (NYSE:TRTN) announced the retirement of David A. Coulter from its Board of Directors effective April 27, 2021. Coulter has served on the board since 2015 and has been integral in guiding the company’s growth. The Board is actively seeking a new director to continue enhancing its diverse leadership. Triton, the world's largest lessor of intermodal freight containers, operates a fleet of 6.2 million TEUs and focuses on acquisition, leasing, and selling various container types.
Triton International Limited (NYSE:TRTN) announced that CEO Brian Sondey will present at the BofA Securities SMID Cap Ideas 2021 Virtual Conference on February 23, 2021, at 1:25 p.m. ET. The presentation will be available via a live webcast on Triton’s investor website, ensuring public access to key insights.
Triton is the largest lessor of intermodal freight containers globally, managing a fleet of 6.2 million twenty-foot equivalent units (TEU). The company engages in the acquisition, leasing, and sale of various container types.
Triton International Limited (TRTN) reported a net income of $115.2 million in Q4 2020, achieving $1.70 per diluted share, marking a 49.1% increase from Q3. For the full year, net income totaled $288.4 million or $4.16 per share. Container demand surged, with a fleet utilization rate of 98.9% as of December 31, 2020. Triton declared a $0.57 quarterly dividend, payable on March 26, 2021. The company ordered approximately $1.7 billion in new containers for 2021, with strong leasing demand expected to continue.
Triton International Limited (NYSE: TRTN) announced a successful offering of $479.1 million in Fixed Rate Asset-Backed Series 2021-1 Class A Notes with a yield of 1.658%, and $23.8 million in Series B Notes at 2.558%. The offering, backed by a pool of containers, reflects strong demand and capitalizes on low interest rates. Proceeds will be used for general corporate purposes, including debt repayment. The Series A Notes are rated 'A' and the Series B Notes 'BBB' by S&P Global Ratings, maturing in 2046.
Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2020 earnings conference call on February 16, 2021, at 8:30 a.m. ET. The earnings announcement will be released at 7:00 a.m. that day and will be accessible via the company's website. Triton International remains the world’s largest lessor of intermodal freight containers, operating a fleet exceeding 6.0 million TEU. The conference call will be available both live and as an archive for investors.
