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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
BofA Securities, Others Lead Triton International Revolving Credit Facility Extension
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Lenders/Participants
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MUFG Union Bank, N.A [Joint Lead Arranger]
Bank of America Securities [Lead Lender]
Royal Bank of Canada [Joint Lead Arranger]
Wells Fargo Securities [Joint Lead Arranger]
BBVA Compass [Joint Lead Arranger]
ABN AMRO Bank [Joint Lead Arranger]
Mizuho Bank [Joint Lead Arranger]
PNC Bank [Joint Lead Arranger]
Bank of America [Administrative Agent]
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Structure
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Revolver Amendment; Extension
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Amount
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$1.125
Billion
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Borrower(s)
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Triton International Limited
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Description
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Company restated and amended an existing $1,125,000,000 revolving credit facility. The maturity date of the existing facility was extended to May 16, 2024. Pricing consists of a margin over LIBOR that varies based on the rating of the subsidiaries’ senior secured debt. The subsidiaries’ senior secured debt is currently rated BBB- by Standard & Poor’s resulting in an initial margin of 1.50%, reduced from 2.00% in the existing deal. The proceeds from the facility will be used to refinance the existing revolving credit facility, and for general corporate purposes.
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Industry
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Intermodal
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| Related Tags |
ABN Amro Bank, Bank of America, Bank of America Securities, BBVA Compass, Mizuho Bank, MUFG Bank, PNC Bank, Royal Bank of Canada, Wells Fargo Securities
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ABL Advisor
Deal Tables
2025
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