Company Overview - Triton International Limited is the world's largest lessor of intermodal freight containers, with a fleet exceeding 7 million twenty-foot equivalent units (TEU) of owned and managed containers [8]. Offering Details - The company announced the pricing of an underwritten offering of 7,000,000 Series G Cumulative Redeemable Perpetual Preference Shares at a liquidation preference of $25.00 per share, resulting in gross proceeds of $175,000,000 [1]. - The net proceeds from the offering will be used for general corporate purposes, including the purchase of containers, payment of dividends, and repayment or repurchase of outstanding indebtedness [2]. - The offering is expected to close on January 12, 2026, subject to customary closing conditions, and the Series G Preference Shares will be listed on the New York Stock Exchange under the symbol "TRTN PRG" [2]. Management and Underwriters - Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and UBS Investment Bank are acting as joint book-running managers for the offering, while Brookfield Capital Solutions, Huntington Securities, Inc., and Regions Securities LLC are co-managers [2].

Triton International was acquired by Brookfield Infrastructure ( BIPC ) ( BIP ) in 2023, but the preferred shares of this container lessor remain outstanding. Not only were none of the existing preferred sharesThe Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offers exclusive access ...

HAMILTON, Bermuda--(BUSINESS WIRE)--Typewriter Ascend Ltd, an entity controlled by Stonepeak and an affiliate of Textainer, has completed its acquisition of marine container leasing company Global Sea Containers Limited ("Seaco†) from Global Sea Containers Two Limited, a wholly owned subsidiary of Bohai Leasing Co., Ltd. The acquisition demonstrates Stonepeak's ongoing commitment to container leasing and reinforces Textainer's long-standing strategic objective to be customers' "first call†for the supply o ...

GATX Conference Call Summary Company Overview - GATX has been in operation for 127 years, originally starting as a railcar leasing company in 1898 and currently focusing on railcar leasing, aircraft engine leasing, and container leasing in the Netherlands [2][3] Competitive Advantages - GATX operates as a full-service operating lessor with over 800 customers in North America, providing a highly diversified fleet and maintenance services, which enhances asset knowledge and customer reliance [4] Recent Acquisition - GATX announced a joint venture with Brookfield Infrastructure Partners to acquire Wells Fargo Rail's assets, including 105,000 railcars and 400 locomotives, with GATX as the controlling partner [6][7] - The joint venture structure allows GATX to maintain financial flexibility while controlling the assets from day one [11] Financial Outlook - The acquisition is expected to be modestly accretive in the full year after closing, with more material contributions anticipated beyond that [15][17] - GATX aims to diversify its fleet further and enhance customer service through operational efficiencies [19] Market Trends - The North American railcar leasing market has seen a shift towards leasing, with class one railroads reducing ownership to about 14-15% of the total railcars [21][22] - In Europe, government initiatives are pushing for a shift from truck to rail, which is expected to drive demand for railcars [23] International Growth - India presents significant growth potential due to its industrialization and infrastructure needs, with expectations of adding 800-1,000 wagons annually [56][58] - GATX's European operations face challenges due to economic conditions, particularly in Germany, but opportunities for growth remain [52][60] Engine Leasing Business - The engine leasing segment has shown strong performance, with high utilization rates and substantial future demand for aircraft engines [62][64] - GATX plans to invest approximately $1 billion through its joint venture with Rolls Royce this year [64] Capital Allocation Strategy - GATX prioritizes capital deployment in the highest risk-adjusted return opportunities across all markets, maintaining a strong balance sheet and investment-grade credit rating [70][71] - The company has a history of returning excess capital to shareholders through dividends and share repurchases [72] Secondary Market Activity - The secondary market for railcars remains robust, with high demand and competitive bidding, allowing GATX to be selective in its purchases [38][41] Conclusion - GATX is well-positioned for growth through strategic acquisitions, a focus on operational efficiencies, and capitalizing on market trends in both North America and internationally [55][70]