Triton International prices $175 million preferred share offering

Triton International Limited announced the pricing of an underwritten public offering of 7 million Series G Cumulative Redeemable Perpetual Preference Shares at $25.00 per share, generating gross proceeds of $175 million.

The Series G Preference Shares carry a 7.500% dividend rate and have a liquidation preference of $25.00 per share. The company plans to use net proceeds for general corporate purposes, including container purchases, dividend payments and debt repayment or repurchase.

The offering is expected to close on January 12, 2026, subject to customary closing conditions. Triton intends to list the Series G Preference Shares on the New York Stock Exchange within 30 days of issuance under the symbol "TRTN PRG."

Wells Fargo Securities, BofA Securities, Morgan Stanley, RBC Capital Markets and UBS Investment Bank are serving as joint book-running managers for the offering. Brookfield Capital Solutions, Huntington Securities and Regions Securities are acting as co-managers.

The offering is being conducted through an effective shelf registration statement previously filed with the Securities and Exchange Commission. Triton describes itself as the world's largest lessor of intermodal freight containers, with a fleet of more than 7 million twenty-foot equivalent units of owned and managed containers.

The information is based on a company press release statement.

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