Triton Container International, a subsidiary of Triton International, priced an offering of $500 million aggregate principal amount of 1.15% senior secured notes due 2024 at an offering price of 99.894% of the principal amount thereof and $600 million aggregate principal amount of 3.15% senior secured notes due 2031 at an offering price of 99.906% of the principal amount thereof. The 2024 notes and 2031 notes will be guaranteed on a senior unsecured basis by Triton International.

The offering is expected to close on June 7, subject to the satisfaction of customary closing conditions. It is expected that Triton International will use the net proceeds from the offering to repay outstanding borrowings under Triton Container International’s revolving credit facility and for general corporate purposes, including the expansion of Triton Container International’s container fleet and repayment of other existing secured debt.

The notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S of the Securities Act.