debt
confidence high
sentiment neutral
materiality 0.40
Triton amends asset-backed debt facilities totaling ~$1.55B; modifies revenue allocation and covenants
Triton International Ltd
- TIF Funding LLC's warehouse facility amended (up to $1.125B; $0.3B outstanding as of Sep 30, 2021).
- Triton Container Finance VIII's Series 2020-1 notes amended ($1.250B outstanding as of Sep 30, 2021).
- Amendments replace prior pooling revenue allocation with container-specific allocation.
- Financial covenants of manager TCIL modified to align with term loan/rev credit facilities amended Oct 14, 2021.