Triton ships bigger, cheaper loan

maersk ship right size
By Mike Turner
23 May 2019

Triton International, a global shipping container firm based in Bermuda, has amended and extended a $1.25bn revolving credit facility, cutting its debt cost in the process.

The facility matures in May 2024. It is priced on a ratings matrix based on the credit rating of Triton International’s subsidiary Triton Container International’s senior secured debt rating.

At the moment, this rating is BBB- with S&P, meaning a 150bp margin over Libor. This is down from the ...

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