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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): September 1, 2023 
 
TRITON INTERNATIONAL LIMITED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
Bermuda001-3782798-1276572
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
 
Victoria Place, 5th Floor, 31 Victoria Street Hamilton HM 10, Bermuda
(Address of Principal Executive Offices, including Zip Code)
 
Telephone: (441) 294-8033
(Registrant's Telephone Number, Including Area Code)
 
Not applicable
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
   Common shares, $0.01 par value per shareTRTNNew York Stock Exchange
8.50% Series A Cumulative Redeemable Perpetual Preference SharesTRTN PRANew York Stock Exchange
8.00% Series B Cumulative Redeemable Perpetual Preference SharesTRTN PRBNew York Stock Exchange
7.375% Series C Cumulative Redeemable Perpetual Preference SharesTRTN PRCNew York Stock Exchange
6.875% Series D Cumulative Redeemable Perpetual Preference SharesTRTN PRDNew York Stock Exchange
5.75% Series E Cumulative Redeemable Perpetual Preference SharesTRTN PRENew York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
                            
Emerging growth company ☐



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
 


Item 1.01. Entry into a Material Definitive Agreement.

Amendment to Term Loan Agreement

On September 1, 2023, Triton International Limited (“Triton” or the “Company”), as guarantor, and its wholly-owned subsidiaries, Triton Container International Limited and TAL International Container Corporation, as borrowers (the “Borrowers”), entered into a Third Amendment (the “Amendment”) to the Borrowers’ existing $1.2 billion Amended and Restated Term Loan Agreement (the “Term Loan Agreement”) with PNC Bank, National Association, as administrative agent, and various lenders party thereto.

The Amendment increased the size of the accordion feature under the Term Loan Agreement to allow the Borrowers to increase the aggregate commitment amount under the Term Loan Agreement by up to an additional $500 million (the “Accordion Amount”) from $200 million, subject to the terms and conditions set forth in the Term Loan Agreement. The terms of the accordion were also amended to extend the period during which the accordion was available. Concurrently with the closing of the Amendment, the Borrowers exercised the accordion and borrowed the entire Accordion Amount. After giving effect to the exercise of the accordion and the borrowing of the Accordion Amount, the aggregate principal amount outstanding under the Term Loan Agreement was $1.532 billion.

The above description of the Amendment is qualified in its entirety by reference to the full text of the Term Loan Agreement, as amended by the Amendment, a conformed copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2023.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.
Description of Exhibit

104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
 



 






















2

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 Triton International Limited
  
Date: September 6, 2023By:/s/ Carla L. Heiss
  Name:Carla L. Heiss
  Title:Senior Vice President, General Counsel and Secretary














































3
v3.23.2
Document and Entity Information Document
Sep. 01, 2023
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Sep. 01, 2023
Entity Registrant Name TRITON INTERNATIONAL LIMITED
Entity Central Index Key 0001660734
Amendment Flag false
Entity Incorporation, State or Country Code D0
Entity File Number 001-37827
Entity Tax Identification Number 98-1276572
Entity Address, Address Line One Victoria Place
Entity Address, Address Line Two 5th Floor, 31 Victoria Street
Entity Address, City or Town Hamilton
Entity Address, Postal Zip Code HM 10
Entity Address, Country BM
City Area Code 441
Local Phone Number 294-8033
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
New York Stock Exchange | Common shares, $0.01 par value per share  
Entity Information [Line Items]  
Title of 12(b) Security Common shares, $0.01 par value per share
Trading Symbol TRTN
Security Exchange Name NYSE
New York Stock Exchange | 8.50% Series A Cumulative Redeemable Perpetual Preference Shares  
Entity Information [Line Items]  
Title of 12(b) Security 8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Trading Symbol TRTN PRA
Security Exchange Name NYSE
New York Stock Exchange | 8.00% Series B Cumulative Redeemable Perpetual Preference Shares  
Entity Information [Line Items]  
Title of 12(b) Security 8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Trading Symbol TRTN PRB
Security Exchange Name NYSE
New York Stock Exchange | 7.375% Series C Cumulative Redeemable Perpetual Preference Shares  
Entity Information [Line Items]  
Title of 12(b) Security 7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Trading Symbol TRTN PRC
Security Exchange Name NYSE
New York Stock Exchange | 6.875% Series D Cumulative Redeemable Perpetual Preference Shares  
Entity Information [Line Items]  
Title of 12(b) Security 6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Trading Symbol TRTN PRD
Security Exchange Name NYSE
New York Stock Exchange | Series E Preferred Stock  
Entity Information [Line Items]  
Title of 12(b) Security 5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Trading Symbol TRTN PRE
Security Exchange Name NYSE
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