Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 21

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 21
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 that limits borrowing capacity. Based on those limitations, the availability under these revolving credit facilities at March 31, 2025 was approximately $ 975.3million.

The Company is subject to certain financial covenants under its debt financings. As of March 31, 2025, the Company was in compliance with all financial covenants in accordance with the terms of its debt agreements.

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### TRITON INTERNATIONAL LIMITED

### NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

#### Note 7— Derivative Instruments
Interest Rate Swaps / Caps

The Company enters into derivative agreements to manage interest rate risk exposure. Interest rate swap agreements are utilized to limit the Company's exposure to interest rate risk by converting a portion of its floating-rate debt to a fixed-rate basis, thus reducing the impact of interest rate changes on future interest expense. Interest rate swaps involve the receipt of floating-rate amounts in exchange for fixed-rate interest payments over the lives of the agreements without an exchange of the underlying principal amounts. These swaps are designated as cash flow hedges for accounting purposes and accordingly, changes in the fair value are recorded in Accumulated other comprehensive income (loss) and are reclassified to interest and debt expense when the hedged interest payments are recognized.

The counterparties to these agreements are highly rated financial institutions. In the unlikely event that the counterparties fail to meet the terms of these agreements, the Company's exposure is limited to the interest rate differential on the notional amount at each monthly settlement period over the life of the agreements. The Company does not anticipate any non-performance by the counterparties.

Certain assets of the Company's subsidiaries are pledged as collateral for various ABS facilities. Additionally, the Company may be required to post cash collateral on certain derivative agreements if the fair value of these contracts represents a liability. Any amounts of cash collateral posted are included in Other assets on the Consolidated Balance Sheets and are presented in operating activities on the Consolidated Statements of Cash Flows. As of March 31, 2025, the Company had cash collateral on derivative instruments of $ 0.4million.

Within the next twelve months, the Company expects to reclassify $ 25.2million of net unrealized and realized gains related to derivative instruments designated as cash flow hedges from accumulated other comprehensive income (loss) into earnings.

As of March 31, 2025, the Company had derivative agreements in place to fix interest rates on a portion of the borrowings under