Category: New Issue

Container leasing company Triton International has announced they have priced their new issue of preferred shares with a coupon of 7.625%.

Shares are perpetual, cumulative and qualified for tax treatment.

Shares have an early redemption option available to the company starting 3/15/2030.

As I noted before Triton International is owned by Brookfield Infrastructure (BIPI) and no longer has common shares outstanding, but does file 10-Q’s and 10-K’s

The company has 5 other issues outstanding which can be seen here. Potential investors should review all the other options before determining if the new issue is the ‘best’ for you.

The pricing term sheet can be read here.

Container leasing company Triton International (TRTN) has announced they will be selling a new issue of perpetual preferred stock.

Triton has a number of preferred issues outstanding already, which can be seen here.

It should be noted that TRTN is owned by Brookfield Infrastructure Corporation (BIPC). While BIPC has deep pockets all companys they own are expected to carry their own weight and TRTN continues to file SEC reports as if they were a standalone company.

The preliminary prospectus can be read here.

Thanks to J for being on this one and for Jerrymac for chiming in with yield talk in the 7.75% area.