By Wendy Van Sickle
Columbus, Ohio, July 28 –Triton International Ltd. subsidiary Triton Container International Ltd. priced $600 million of 0.8% senior secured notes due 2023 at 99.929, according to a news release on Wednesday.
Proceeds from the Rule 144A and Regulation S notes will be used to repay all of the issuer’s outstanding institutional notes. Remaining proceeds, if any, will be used for general corporate purposes, including expansion of the company’s container fleet and repayment of other secured debt.
The lessor of intermodal freight containers has headquarters in Hamilton, Bermuda.
| Issuer: | Triton Container International Ltd.
|
| Guarantor: | Triton International Ltd.
|
| Issue: | Senior secured notes
|
| Amount: | $600 million
|
| Maturity: | 2023
|
| Coupon: | 0.8%
|
| Price: | 99.929
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 6
|
| Distribution: | Rule 144A and Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
