Company: TRTN-PA
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001660734-25-000034
Chunk: 37

Company: Triton International Ltd
Filing Date: 2025-11-06
Form: 6-K
Chunk 37
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 compared to December 31, 2024 and September 30, 2024, respectively. In March 2025, we distributed our equity interest in Triton Container Finance VIII LLC ("TCF VIII"), a special purpose securitization subsidiary of Triton, to Thanos Holdings Limited ("Parent") (the “TCF VIII Distribution”). As a result of the TCF VIII Distribution and related deconsolidation, our revenue earning assets decreased by approximately $1.8 billion as of March 31, 2025. Excluding the impact of the TCF VIII Distribution, our net book value increased by $0.8 billion and $0.6 billion from December 31, 2024 and September 30, 2024 respectively, largely due to the acquisition of GCI containers with a value of approximately $1.0 billion, partially offset by depreciation expense.

#### 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 September 30, 2025, cash provided by operating activities, together with the proceeds from the sale of our leasing equipment, was $1,253.4 million, including cash flows of $142.5 million through the first quarter of 2025, from leasing of equipment owned by TCF VIII. In addition, as of September 30, 2025, we had $50.2 million of unrestricted cash and cash equivalents and $1,810.0 million of maximum borrowing capacity remaining under our existing credit facilities.

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On July 1, 2025, we acquired the net assets of GCI for a purchase price of approximately $1,076.6 million, inclusive of transaction costs. The transaction was funded with cash on hand as of June 30, 2025, obtained from borrowings under our credit facility. The purchase price consisted of a $321.9 million payment to GCI shareholders, the repayment of $457.7 million of GCI's outstanding indebtedness and the transfer of $284.9 million of GCI's existing securitization fixed-rate notes.

As of September 30, 2025, our cash commitments in the next twelve months are $992.7 million of scheduled principal payments on our existing debt facilities,