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
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PNC Capital Markets [Joint Lead Arranger] ING Belgium NV/SA [Joint Lead Arranger] MUFG [Joint Lead Arranger]
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Structure
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Term Loan
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Amount
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$1.000
Billion
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Borrower(s)
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Triton International Limited
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Description
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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.
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Industry
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Intermodal
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Related Tags |
ING Belguim NV/SA, MUFG Bank, PNC Capital Markets
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ABL Advisor
Deal Tables
2024
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