The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Capital Markets, MUFG Arrange $1B Credit Facility for Triton International
Wednesday, December 5, 2018
|
Lenders/Participants
|
PNC Capital Markets [Joint Lead Arranger]
ING Belgium NV/SA [Joint Lead Arranger]
MUFG [Joint Lead Arranger]
|
|
Structure
|
Term Loan
|
|
Amount
|
$1.000
Billion
|
|
Borrower(s)
|
Triton International Limited
|
|
Description
|
The proceeds from the facility will be used to refinance existing term loans and reduce borrowings on existing revolving credit facilities and for general corporate purposes. The facility has a maturity date of Nov. 30, 2023. Pricing consists of a margin over LIBOR that varies based on the rating of TCIL’s senior secured debt. TCIL’s senior debt is currently rated BBB- by Standard & Poor’s resulting in an initial margin of 1.5 percent.
|
|
Industry
|
Intermodal
|
| Related Tags |
ING Belguim NV/SA, MUFG Bank, PNC Capital Markets
|
ABL Advisor
Deal Tables
2024
|
|
|
|