Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 118

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 118
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 CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following table summarizes the Company's outstanding fixed-rate and floating-rate debt as of December 31, 2024:

                                                   Balance Outstanding (in thousands)                     Contractual Weighted Avg Interest Rate      Maturity Range                    Weighted Avg Remaining Term  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                                            From      To                                                             
  Excluding impact of derivative instruments:                                                                                                                                                                        
  Fixed-rate debt                                  $                                       4,832,700                                       2.89%      Apr 2026            Feb 2035      4.2 years                    
  Floating-rate debt                               $                                       2,825,000                                       5.77%      Jul 2029            Jan 2031      4.1 years                    
  Including impact of derivative instruments:                                                                                                                                                                        
  Fixed-rate debt                                  $                                       4,832,700                                       2.89%                                                                     
  Hedged floating rate debt                                                                1,866,250                                       3.84%                                                                     
  Total fixed and hedged floating-rate debt                                                6,698,950                                       3.15%                                                                     
  Unhedged floating rate debt                                                                958,750                                       5.77%                                                                     
  Total debt outstanding                           $                                       7,657,700                                       3.46%                                                                     

The fair value of total debt outstanding was $ 7,241.7 6,905.9

As of December 31, 2024, the maximum borrowing levels for the ABS warehouse and the revolving credit tranche under the credit facility were $ 1,125.0 and$ 2,000.0 827.0

The Company is subject to certain financial covenants under its debt financings. As of December 31, 2024, the Company was in compliance with all financial covenants in accordance with the terms of its debt agreements.

Debt Maturities

At December 31, 2024, the Company's scheduled principal repayments and maturities were as follows (in thousands):

  Years ending December 31,                 
 ────────────────────────────────────────────
                       2025        511,937  
                       2026      1,114,080  
                       2027        572,058  
                       2028        776,614  
                       2029