TRTN-PA Triton International Ltd

CIK 0001660734 37 ready 8-Ks latest July 10, 2024, 7:59 PM ET RSS · JSON

Ready 8-Ks 37

Latest filing November 18, 2024, 6:59 PM ET

Top materiality 1.00

Event mix debt ×9 · earnings ×9 · leadership ×6

Sentiment 11 pos · 2 neg · 24 neu

Latest earnings reported 2023-Q1

Executive change recent →

Recent 8-K filings for TRTN-PA

Highest-materiality recent filing

Triton International acquired by Brookfield for ~$3.77B cash + stock; shares delisted

September 28, 2023, 7:59 PM ET M&A materiality 1.00 positive item 2.01 item 3.01 item 3.03 item 4.01 item 5.01 item 5.02 item 5.03 item 8.01 item 9.01 ◈ executive_change ×19◈ Auditor Changes ×2◈ Governance Changes◈ M&A Transactions

Total Merger Consideration ~$3.77B in cash and 21.45M BIPC shares.
Common shareholders received $68.50 cash + 0.3895 BIPC shares per share (~$83.16 total).

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July 10, 2024, 7:59 PM ET debt materiality 0.60 neutral item 1.01 item 1.02 item 2.03 item 9.01

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.
September 28, 2023, 7:59 PM ET M&A materiality 1.00 positive item 2.01 item 3.01 item 3.03 item 4.01 item 5.01 item 5.02 item 5.03 item 8.01 item 9.01 ◈ executive_change ×19◈ Auditor Changes ×2◈ Governance Changes◈ M&A Transactions

Triton International acquired by Brookfield for ~$3.77B cash + stock; shares delisted

Total Merger Consideration ~$3.77B in cash and 21.45M BIPC shares.
August 24, 2023, 7:59 PM ET M&A materiality 0.80 positive item 5.07 ◈ Shareholder Votes ×2

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.
August 17, 2023, 7:59 PM ET litigation materiality 0.60 neutral item 8.01

Triton discloses three shareholder lawsuits challenging merger proxy; voluntarily supplements disclosures

Three complaints filed in NY state and federal court allege material omissions in merger proxy regarding financial projections and Goldman Sachs fairness opinion.
August 1, 2023, 7:59 PM ET earnings materiality 0.80 negative item 2.02 item 9.01 ◈ Earnings Releases

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.
May 2, 2023, 7:59 PM ET earnings materiality 0.75 negative item 2.02 item 9.01 ◈ Earnings Releases

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.
April 12, 2023, 7:59 PM ET M&A materiality 0.95 positive item 7.01 item 9.01

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).
April 12, 2023, 7:59 PM ET M&A materiality 1.00 positive item 1.01 item 9.01 ◈ Material Agreements

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.
February 14, 2023, 6:59 PM ET earnings materiality 0.70 neutral item 2.02 item 9.01 ◈ Earnings Releases

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.
November 1, 2022, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

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.
October 27, 2022, 7:59 PM ET debt materiality 0.60 neutral item 1.01 item 2.03 item 9.01

Triton International Amends $1.2B Term Loan and $2.0B Revolver, Switches from LIBOR to SOFR, Extends Maturity to 2027

Amendments to $1.2 billion term loan and $2.0 billion revolving credit facility transition benchmark from LIBOR to Term SOFR.
July 28, 2022, 7:59 PM ET earnings materiality 0.78 positive item 2.02 item 9.01

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).
June 22, 2022, 7:59 PM ET leadership materiality 0.60 neutral item 5.02 item 9.01 ◈ executive_change

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.
May 3, 2022, 7:59 PM ET earnings materiality 0.75 positive item 2.02 item 9.01

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).
February 15, 2022, 6:59 PM ET earnings materiality 0.80 positive item 2.02 item 9.01

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%.
October 26, 2021, 7:59 PM ET earnings materiality 0.80 positive item 2.02 item 9.01

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.
October 14, 2021, 7:59 PM ET debt materiality 0.70 positive item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

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.
July 27, 2021, 7:59 PM ET earnings materiality 0.85 positive item 2.02 item 9.01

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.