debt
confidence high
sentiment neutral
materiality 0.50
Triton subsidiary prices $600M of 0.800% senior secured notes due 2023
Triton International Ltd
- $600M aggregate principal at 99.929% of par; 0.800% coupon, matures 2023.
- Notes guaranteed on senior unsecured basis by Triton International Limited.
- Net proceeds to repay outstanding institutional notes and for general corporate purposes.
- Offering expected to close August 6, 2021, subject to customary conditions.
- Notes sold under Rule 144A/Reg S; not registered under Securities Act.