Triton International prices 7M 5.75% Series E Preference Shares for $175M gross proceeds

Triton International Ltd

Offering of 7,000,000 Series E Cumulative Redeemable Perpetual Preference Shares at $25 liquidation preference; gross proceeds $175M.
Net proceeds to be used for general corporate purposes: container purchases, common share repurchases, dividends, and debt repayment.
Closing expected August 18, 2021; joint book-runners include BofA, Citi, Morgan Stanley, RBC, and UBS.
Certificate of Designations filed to establish terms of the Series E Preference Shares.

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