Triton International refinances debt, adds $1.75B term loan, extends maturity to 2029

Triton International Ltd

Twelfth amended credit agreement provides $2.0B revolver and new $1.75B term loan tranche.
Term loan drawn at closing; $575M drawn on revolver; total outstanding $2.325B.
Refinances and terminates $1.4B PNC term loan agreement.
Maturity extended to July 9, 2029; accordion increased from $500M to $1.0B.
Benchmark switched from Term SOFR to Daily Simple SOFR; margin unchanged.

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