Shipping container owner and lessor Triton International Limited (TRTN) has announced another new issue of preferred stock.
The company already has 4 high yield issues outstanding with coupons between 6.875% and 8.50%–none of which are currently redeemable. They can be seen here.
Note–the company has been very profitable of late, but is highly leveraged.
The preliminary prospectus for the new issue can be seen here.
J was on top of this one. EarlyBird posits yield talk in the 5.875% to 6.0% area.