Triton International Prices $175 Million Series G Preferred Share Offering
Triton International Limited (“Triton” or the “Company”), one of the world’s largest lessors of intermodal containers, announced today that it has successfully priced an underwritten public offering of 7,000,000 shares of its 7.500% Series G Cumulative Redeemable Perpetual Preference Shares. The shares carry a liquidation preference of $25.00 per share, resulting in gross proceeds of approximately $175 million.The Company stated that the net proceeds from the offering will be used for general corporate purposes, which may include the purchase of new containers, the payment of dividends, and the repayment or repurchase of outstanding indebtedness. The transaction is expected to close on January 12, 2026, subject to customary closing conditions.
Triton also announced that it intends to list the Series G Preference Shares on the New York Stock Exchange within 30 days of the original issue date. Once listed, the shares are expected to trade under the ticker symbol TRTN PRG.”
The offering is being led by a syndicate of major financial institutions. Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and UBS Investment Bank are serving as joint book-running managers. Brookfield Capital Solutions, Huntington Securities, Inc., and Regions Securities LLC are acting as co-managers for the transaction.
The Series G Preferred Share offering is being conducted pursuant to Triton’s effective shelf registration statement on file with the U.S. Securities and Exchange Commission (SEC). The securities are being offered solely through a prospectus supplement and accompanying base prospectus, which are available through the SEC’s website or directly from the underwriting firms.
Triton emphasized that this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall any sale be made in any jurisdiction where such an offer would be unlawful prior to proper registration or qualification under applicable securities laws.
This announcement contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding the expected closing of the offering and the intended use of proceeds. Such statements are subject to risks and uncertainties that could cause actual outcomes to differ materially from those expressed or implied.
Factors that could affect Triton’s future performance include, but are not limited to, changes in global trade volumes, fluctuations in container leasing demand and rates, customer defaults, increased competition, geopolitical developments, regulatory changes, supply chain disruptions, cybersecurity risks, and macroeconomic conditions. Additional risks stem from Triton’s international operations, evolving trade policies, and its ownership structure following its acquisition by Brookfield Infrastructure.
Further details regarding these and other risk factors can be found in Triton’s filings with the SEC, including its most recent Annual Report on Form 20-F, Quarterly Reports on Form 6-K, and the preliminary prospectus supplement related to this offering.
Triton cautions investors not to place undue reliance on forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update or revise such statements except as required by law.
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of more than 7 million twenty-foot equivalent units (“TEU”) of owned and managed containers, Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.