Company: TRTN-PA
Filing Date: 2025-05-02
Form Type: 6-K
Source: 0001660734-25-000016
Chunk: 28

Company: Triton International Ltd
Filing Date: 2025-05-02
Form: 6-K
Chunk 28
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, as well as in the other documents we file with the Securities and Exchange Commission (the "SEC") from time to time. Our actual results may differ materially from those contained in or implied by any forward-looking statements . References in this Quarterly Report on Form 6-K to the "Company," "Triton," "we," "us" and "our" refer to Triton International Limited and, where appropriate, its consolidated subsidiaries.

#### Our Company
Triton is the world's largest lessor of intermodal containers. Intermodal containers are large, standardized steel boxes used to transport freight by ship, rail or truck. Because of the handling efficiencies they provide, intermodal containers are the primary means by which many goods and materials are shipped internationally. We also lease chassis, which are used for the transportation of containers.

We operate our business in one industry, intermodal transportation equipment, and have two business segments, which also represent our reportable segments:

• Equipment leasing - we own, lease and ultimately dispose of containers and chassis from our lease fleet.

• Equipment trading - we purchase containers from shipping line customers, and other sellers of containers, and resell these containers to container retailers and users of containers for storage or one-way shipment.

#### Transactions
On March 27, 2025, in connection with the closing of the transactions contemplated by a share purchase agreement entered into between a third-party investor and our parent company, Thanos Holdings Limited ("Parent") in December 2024, we distributed our equity interest in Triton Container Finance VIII LLC ("TCF VIII"), a special purpose securitization subsidiary of Triton, to Parent (the “TCF VIII Distribution”). The effective date of the TCF VIII Distribution used for accounting purposes was March 31, 2025. As of March 31, 2025, TCF VIII had total assets of approximately $1.8 billion, total indebtedness of approximately $1.3 billion, and shareholders’ equity of approximately $0.5 billion. In the three months ended March 31, 2025, TCF VIII had leasing revenues of $76.7 million and net income of $30.1 million which are included in the Consolidated Statements of Operations. From April 1, 2025 forward, revenues and net income related to TCF VIII will no longer be included in the Company's Consolidated Statements of Operations. Following the TCF VIII Distribution, we will continue to manage the containers in the TCF VIII securitization