Highest-materiality recent filing
Triton International announces executive transition: O'Callaghan to retire, De Bruin promoted
John O'Callaghan retires as EVP Global Head of Field Marketing and Operations effective Dec 31, 2024; remains as EVP Director through 2026 and joins Board on Jan 1, 2025.
Triton International posts investor presentation; no material new disclosures
Company posted an investor presentation on its website for routine investor relations.
Triton posts new investor presentation on website; no details disclosed
Investor presentation posted to 'Investors' section of www.trtn.com.
Triton International refinances debt, adds $1.75B term loan, extends maturity to 2029
Twelfth amended credit agreement provides $2.0B revolver and new $1.75B term loan tranche.
Triton International sole shareholder re-elects all directors, approves Deloitte as auditor
Sole shareholder Thanos Holdings re-elected directors: David Joynt, John C. Hellmann, Terri A. Pizzuto, Roderick Romeo, Brian M. Sondey, Benjamin Vaughan.
Plan adopted Feb 28, 2024; awards vest in equal installments on Jan 15, 2026 and Jan 15, 2027.
Director James A. Bodi resigns; Roderick Romeo appointed to Triton International Board
James A. Bodi resigned from the Board effective Jan 29, 2024; resignation not due to any disagreements.
Triton amends $1.125B warehouse facility; extends revolving period to Jan 2027 at SOFR+1.60%
Amendment to $1.125B asset-backed warehouse facility; $240M outstanding at amendment date.
Triton International acquired by Brookfield for ~$3.77B cash + stock; shares delisted
Total Merger Consideration ~$3.77B in cash and 21.45M BIPC shares.
Triton International upsizes accordion feature to $500M and draws full amount on term loan
Third Amendment to Term Loan Agreement increased accordion feature from $200M to $500M.
Triton shareholders approve merger with Brookfield Infrastructure; 51.3M for vs 0.8M against
Special meeting held Aug 24; Merger Proposal approved: 51,299,980 for, 842,142 against, 1,510,704 abstain.
Three complaints filed in NY state and federal court allege material omissions in merger proxy regarding financial projections and Goldman Sachs fairness opinion.
Triton International Q2 net income down 19.3% YoY to $128.7M; Brookfield acquisition on track for Q3
GAAP net income $128.7M ($2.34 diluted EPS), down 19.3% YoY and 4.1% QoQ.
Triton Q1 net income $136.8M ($2.44 EPS), down 12% YoY; utilization 97.6%
Net income $136.8M ($2.44 diluted EPS), down 12.2% YoY; adjusted net income $136.1M ($2.42 adjusted EPS), down 12.3% YoY.
Triton International holds 2023 AGM; all director nominees elected, say-on-pay approved
Annual Meeting held April 27, 2023; all 11 director nominees elected with majority support.
Triton to be acquired by Brookfield Infrastructure in $13.3B take-private; $85/share (35% premium)
Total enterprise value ~$13.3B; common equity ~$4.7B; $85/share ($68.50 cash + $16.50 BIPC shares).
Triton International to be acquired by Brookfield Infrastructure for $85/share in cash and stock
Triton shareholders to receive $68.50 cash and $16.50 in BIPC shares per common share, totaling $85/share.
Triton International nominates Terri A. Pizzuto to board; AGM set for April 27, 2023
Terri A. Pizzuto nominated as independent director; former CFO of Hub Group and audit partner at Arthur Andersen.
Triton Q4 adj EPS $2.76, down 4.2% sequentially; FY22 net income up 55%
Q4 net income $152.2M ($2.61 diluted), down 2.2% YoY; adjusted net income $160.7M ($2.76 diluted), up 3.4% YoY.
Triton appoints Michael Pearl as CFO effective Jan 1, 2023; John Burns retires
Michael Pearl promoted from SVP, Treasurer to CFO, effective January 1, 2023.
Triton International Q3 net income $176.8M ($2.88 EPS); raises dividend 7.7% to $0.70
Net income $176.8M ($2.88 diluted EPS) vs $123.0M ($1.83) in Q3 2021; adjusted net income $176.5M, up 18.5% YoY.
Amendments to $1.2 billion term loan and $2.0 billion revolving credit facility transition benchmark from LIBOR to Term SOFR.
Triton International Q2 adjusted EPS $2.92, up 36% YoY; utilization 99.4%
Net income $184.6M ($2.90 diluted); adjusted net income $186.0M ($2.92 diluted).
Triton CFO John Burns to retire end of 2022; search for successor underway
CFO John Burns intends to retire at end of 2022 after over 25 years at Triton.
Triton International Q1 adjusted EPS $2.76, up 44.5% YoY; utilization 99.6%
Net income attributable to common shareholders $181.2M ($2.78 diluted EPS); adjusted net income $179.6M ($2.76 adj. diluted EPS).
All 10 director nominees elected with >41M votes each; largest vote against was R.L. Rosner with 1.47M against.
Triton International amends $1.125B warehouse facility, extends revolving period to 2025
$202 million outstanding under the $1.125 billion facility as of April 27, 2022.
Triton Q4 adj EPS $2.67 (+57% YoY); FY21 adj EPS $9.16 (+99% YoY)
Q4 total leasing revenue $417.2M vs $337.3M in Q4 2020, up 23.7%.
Triton adopts executive severance plan; CEO employment agreement terminated
New Executive Severance Plan adopted Feb 9, 2022, for NEOs, replacing prior severance agreements.
Triton International completes $600M 3.250% Senior Notes offering due 2032
Subsidiaries issued $600M aggregate principal of 3.250% Senior Notes due 2032 at 99.600% of par.
TIF Funding LLC's warehouse facility amended (up to $1.125B; $0.3B outstanding as of Sep 30, 2021).
Triton Q3 adj EPS $2.43, up 113%; raises dividend 14% to $0.65
Adjusted net income $163.8M ($2.43/diluted), up 113.2% YoY from $1.14.
Triton closes strategic debt transition; revolver upped to $2B at lower rate, notes become unsecured
Revolver amended to $2.0B limit (from $1.125B), maturity extended to Oct 2026, now unsecured.
Triton International appoints Niharika Ramdev to Board of Directors
Appointment effective August 23, 2021; Board expands to 10 directors.
Triton International prices 7M 5.75% Series E Preference Shares for $175M gross proceeds
Offering of 7,000,000 Series E Cumulative Redeemable Perpetual Preference Shares at $25 liquidation preference; gross proceeds $175M.
Triton subsidiary prices $600M of 0.800% senior secured notes due 2023
$600M aggregate principal at 99.929% of par; 0.800% coupon, matures 2023.
Triton Q2 adjusted EPS $2.14, up 148.8% YoY; utilization 99.5%
Adjusted net income $144.2M ($2.14/diluted share) vs $60.0M ($0.86) YoY.
On January 29, 2024, James A. Bodi stepped down from his position as a member of the Board of Directors (the “Board”) of Triton International Limited (the “Company”), effective immediately.
Also on January 29, 2024, the Board appointed Roderick Romeo to serve as a director on the Board, effective immediately
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Immediately following the Effective Time, Mr. Sondey, Ms. Pizzuto, David Joynt, Ben Vaughan and John C. Hellmann were appointed to the Surviving Company Board
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Immediately following the Effective Time, Mr. Sondey, Ms. Pizzuto, David Joynt, Ben Vaughan and John C. Hellmann were appointed to the Surviving Company Board
Brian M. Sondey, Annabelle Bexiga, Claude Germain, John S. Hextall, Kenneth Hanau, Malcom P. Baker, Niharika Ramdev, Robert L. Rosner, Robert W. Alspaugh, Simon R. Vernon and Terri A. Pizzuto each resigned from their positions as members of the board of directors of the Company
Immediately following the Effective Time, Mr. Sondey, Ms. Pizzuto, David Joynt, Ben Vaughan and John C. Hellmann were appointed to the Surviving Company Board
Max materiality 1.00 · Median 0.55 · Most common event debt