Company: TRTN-PA
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001660734-25-000004
Chunk: 40

Company: Triton International Ltd
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 40
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 million. In addition, as of December 31, 2024, we had $58.2 million of unrestricted cash and cash equivalents and $1,980.0 million of maximum borrowing capacity remaining under our existing credit facilities.

As of December 31, 2024, our cash commitments in the next twelve months include $511.9 million of scheduled principal payments on our existing debt facilities, and$20.6 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.

Capital Activity

During the year ended December 31, 2024, the Company paid dividends on preference shares of $52.1 million and paid cash dividends of $600.0 million on the common shares of the Company to Parent. The Company also paid $5.5 million in distributions to Parent for the reimbursement of or payment of costs primarily related to the Merger.

In February 2025, the Company issued 6,000,000 Series F Cumulative Redeemable Perpetual Preference Shares for aggregate net proceeds of $144.6 million.

For additional information on capital activity and dividends, refer to Note 11 - " Other Equity Matters" and Note 17 - " Subsequent Events" in the Notes to the Consolidated Financial Statements.

Debt Agreements

As of December 31, 2024, our outstanding indebtedness was comprised of the following (amounts in millions):

                                             December 31, 2024                                                              
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                             Outstanding Borrowings                   Maximum Borrowing Level               
  Secured Debt Financings                                                                                                   
  Securitization term instruments            $                           3,032.7      $                            3,032.7  
  Securitization warehouse                   60.0                                                                  1,125.0  
  Total secured debt financings                                          3,092.7                                   4,157.7  
  Unsecured Debt Financings                                                                                                 
  Senior notes                                                           1,800.0                                   1,800.0  
  Credit facility:                                                                                                          
  Revolving credit tranche                                               1,085.0                                   2,000.0  
  Term loan tranche                                                      1,680.0