Company: TRTN-PA
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001660734-25-000025
Chunk: 13

Company: Triton International Ltd
Filing Date: 2025-08-01
Form: 6-K
Chunk 13
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150,000 |     |                |  6,000,000 |
| Series E5.75% Cumulative Redeemable Perpetual Preference Shares ("Series E")  |     | August 2021   |     |                                       | 175,000 |     |                |  7,000,000 |
| Series F7.625% Cumulative Redeemable Perpetual Preference Shares ("Series F") |     | February 2025 |     |                                       | 150,000 |     |                |  6,000,000 |
|                                                                               |     |               |     | $                                     | 880,000 |     |                | 35,200,000 |

(1) Represents number of shares authorized, issued, and outstanding.

Triton's preference shares are listed on the New York Stock Exchange.

On February 6, 2025, the Company completed a public offering of the Series F Preference Shares and received $ 144.3million in aggregate net proceeds after deducting underwriting discounts and estimated offering expenses of $ 5.7million. The net proceeds from the sale of the Series F Preference Shares were used for general corporate purposes.

Each Series of preference shares may be redeemed at the Company's option, at any time after approximately five years from original issuance, in whole or in part at a redemption price, plus an amount equal to all accumulated and unpaid dividends, whether or not declared. The Company may also redeem each Series of preference shares prior to the lapse of the five year period upon the occurrence of certain events as described in each instrument, such as transactions that either transfer ownership of substantially all assets to a single entity or establish a majority voting interest by a single entity, and which for certain Series cause a downgrade or withdrawal of rating by the rating agency within 60 days of the event. If the Company does not elect to redeem a Series upon the occurrence of the preceding events, holders may have the right to convert their preference shares into common shares. Additionally, for Series E and F only, the Company may redeem the Series if an applicable rating agency changes the methodology or criteria that were employed in assigning equity credit to securities similar to the relevant Series when originally issued, which either (a) shortens the period of time during which equity credit pertaining to the Series would have been in effect had the methodology not been changed or (b) reduces the amount of equity credit as compared with the amount of equity credit that the rating agency had assigned to the Series when originally issued