Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 31

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 31
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 for the same periods was 98.7%, 99.1%, and 98.2%. Utilization is computed by dividing our total units on lease (in CEU) by the total units in our fleet (in CEU), excluding new units not yet leased and off-hire units designated for sale.

As of March 31, 2025, the net book value of our revenue earning assets was $8.4 billion, a decrease of 18.8% and 18.5% compared to December 31, 2024 and March 31, 2024, respectively. The decrease was largely due to the TCF VIII Distribution and the deconsolidation of approximately $1.8 billion in revenue earning assets of TCF VIII. Excluding the impact of the TCF VIII Distribution, our net book value decreased by $0.2 billion from December 31, 2024 and March 31, 2024 respectively, primarily due to disposal volumes, depreciation expense and limited procurement.

#### Liquidity and Capital Resources
Our principal sources of liquidity are cash flows provided by operating activities, proceeds from the sale of our leasing equipment, borrowings under our debt facilities and proceeds from other financing activities. Our principal uses of cash include capital expenditures, debt service, and dividends.

For the trailing twelve months ended March 31, 2025, cash provided by operating activities, together with the proceeds from the sale of our leasing equipment, was $1,496.4 million, including cash flows of $277.4 million from leasing of equipment

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owned by TCF VIII. In addition, as of March 31, 2025, we had $33.1 million of unrestricted cash and cash equivalents and $2,205.0 million of maximum borrowing capacity remaining under our existing credit facilities.

As of March 31, 2025, our cash commitments in the next twelve months include $334.4 million of scheduled principal payments on our existing debt facilities, an d $60.9 million of committed but unpaid capital expenditures, primarily for the purchase of new equipment.

We believe that cash generated from operating activities, existing cash, proceeds from the sale of our leasing equipment, and availability under our credit facilities will be sufficient to meet our obligations over the next twelve months and beyond, including approximately $1.0 billion to fund the pending acquisition of GCI, including assumed debt.

#### Capital Activity
In February 2025, the Company issued