secwatch.observer — SEC 8-K summary
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Issuer:     Triton International Ltd (TRTN-PA)
CIK:        0001660734
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001660734-22-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Triton International Amends $1.2B Term Loan and $2.0B Revolver, Switches from LIBOR to SOFR, Extends Maturity to 2027
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- Amendments to $1.2 billion term loan and $2.0 billion revolving credit facility transition benchmark from LIBOR to Term SOFR.
- Revolver maturity extended to October 26, 2027; applicable margins unchanged based on Triton's senior unsecured debt rating.
- Interest rate options: base rate (highest of federal funds+0.5%, prime, or 1-month SOFR+1.0%) or Term SOFR plus 0.10% credit adjustment plus margin.
- Base rate margin ranges 0.250%-0.625%; Term SOFR margin ranges 1.250%-1.625% depending on S&P rating.
- Amendments entered on October 26, 2022, by Triton and its subsidiaries as borrowers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660734/000166073422000088/0001660734-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660734/000166073422000088/trtn-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001660734-22-000088

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