Triton International Announces Pricing of Public Offering of Series B Preference Shares

Triton International Limited (NYSE:TRTN) (the “Company” or “Triton”) today announced the pricing of an underwritten offering of 5,000,000 8.00% Series B Cumulative Redeemable Perpetual Preference Shares with a liquidation preference of $25.00 per share (the “Series B Preference Shares”) for gross proceeds of $125,000,000. Triton also granted the underwriters a 30-day option to purchase up to an additional 750,000 Series B Preference Shares.

The Company intends to use the net proceeds from the offering for general corporate purposes, including the purchase of containers, the repurchase of outstanding common shares, the payment of dividends, and the repayment or repurchase of outstanding indebtedness. The offering is expected to close on June 24, 2019, subject to customary closing conditions.

Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Keefe, Bruyette & Woods, Inc., a Stifel Company, are acting as joint book-running managers for the offering. The offering is made pursuant to an effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and a related prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov or by contacting:

Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Avenue South
Minneapolis, MN 55402
[phone]
[e-mail]

BofA Securities, Inc.
Attn: Prospectus Department
200 North College Street
NC1-004-03-43
Charlotte, NC 28255
[phone]
[e-mail]

Morgan Stanley & Co. LLC
Attn: Prospectus Department
1585 Broadway, 29th Floor
New York, NY 10036
[phone]
[e-mail]

UBS Securities LLC
Attn: Prospectus Department
1285 Avenue of the Americas
New York, New York 10019
[phone]

Keefe, Bruyette & Woods, Inc.
Attn: Capital Markets
787 Seventh Avenue, 4th Floor
New York, New York 10019
[phone]

This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.