Company: TRTN-PA
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001193125-25-018485
Chunk: 16

Company: Triton International Ltd
Filing Date: 2025-01-31
Form: 424B5
Chunk 16
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 us. Our Series F Preference Shares are subordinated to our debt obligations and other liabilities. Our Series F Preference Shares are subordinated to all of our existing and future indebtedness, including our capital lease obligations, and all our other liabilities, including trade payables. As of September 30, 2024, we had total liabilities of $8.39 billion, including total debt of $7.45 billion and we had the ability to borrow an additional approximately $1.0 billion under our credit facilities, subject to limitations in our credit facilities. We may incur additional debt under these or future credit facilities. We may also enter into additional lease transactions. The payment of principal and interest on our debt reduces cash available for dividends on our equity securities, including the Series F Preference Shares. Series F Preference Shares will rank junior to any Senior Securities, and your interests could be diluted by the issuance of additional shares of preference shares, including additional Parity Securities, and by other transactions. Our Series F Preference Shares will rank junior to any Senior Securities and pari passuwith the Series A Preference Shares, the Series B Preference Shares, the Series C Preference Shares, the Series D Preference Shares, the Series E Preference Shares and any other Parity Securities established after the original issue date of the Series F Preference Shares. If less than all dividends payable with respect to the Series F Preference Shares and any Parity Securities are paid, any partial payment shall be made pro rata with respect to Series F Preference Shares and all other series of Parity Securities entitled to a dividend payment at such time in proportion to the aggregate amounts remaining due in respect of such shares at such time. S-9

The issuance of additional preference shares on a parity with or senior to the Series F Preference Shares would dilute the interests of the holders of our Series F Preference Shares, and any issuance of preference shares senior to or on a parity with our Series F Preference Shares or of additional long-term debt could affect our ability to pay dividends on, redeem or pay the liquidation preference on our Series F Preference Shares. Only the Change of Control Conversion Right relating to our Series E Preference Shares protects the holders of our Series E Preference Shares in the event of a highly leveraged or other transaction, including a merger or the sale, lease or conveyance of all or substantially all our assets or business, which might adversely affect the holders of our Series E Preference Shares. The Series F Preference Shares will not be obligations of Brookfield Infrastructure or any entity other than Triton. The interests of the sole