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
(800) 645-3751
wfscustomerservice@wellsfargo.com
BofA Securities, Inc.
Attn: Prospectus Department
200
North College Street
NC1-004-03-43
(800)
294-1322
dg.prospectus_requests@baml.com
Morgan Stanley & Co. LLC
Attn: Prospectus Department
1585
Broadway, 29th Floor
(866) 718-1649
prospectus@morganstanley.com
UBS Securities LLC
Attn: Prospectus Department
1285 Avenue of
the
(888) 827-7275
Keefe, Bruyette & Woods, Inc.
Attn: Capital Markets
787
Seventh Avenue, 4th Floor
(800)
966-1559
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.
Important Cautionary Information Regarding Forward-Looking Statements
Certain statements in this release, other than purely historical information, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “anticipate,” “will,” “may,” “would” and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton’s control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.
These factors include, without limitation, economic, business,
competitive, market and regulatory conditions and the following:
decreases in the demand for leased containers; decreases in market
leasing rates for containers; difficulties in re-leasing containers
after their initial fixed-term leases; customers’ decisions to buy
rather than lease containers; dependence on a limited number of
customers for a substantial portion of revenues; customer defaults;
decreases in the selling prices of used containers; extensive
competition in the container leasing industry; difficulties stemming
from the international nature of its business; decreases in the demand
for international trade; disruption to its operations resulting from the
political and economic policies of
The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Triton or its businesses or operations. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of 6.1 million twenty-foot equivalent units, Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190617005918/en/
Andrew Greenberg
Senior Vice President
Finance & Investor
Relations
914-697-2900
Source: Triton International Limited
®, Triton®, and TAL®.