trending Market Intelligence /marketintelligence/en/news-insights/trending/rBhjMMhrcF-7Tu4MB45JlA2 content esgSubNav
In This List

Warburg Pincus funds to exit stake in Triton International

Blog

Post-Webinar Q&A: Integrating Climate Risks into Credit Risk Portfolios

Blog

Insight Weekly: Hurricane Ida impact; banks seek PPP forgiveness; commodities boom disruption

Blog

Banking Essentials Newsletter: August Edition, Part - 2

Blog

Bank MA revival market disruption warning venture capital funding soars


Warburg Pincus funds to exit stake in Triton International

Triton International Ltd. said certain funds affiliated with Warburg Pincus LLC will conduct a public secondary offering of 7,132,790 Triton International common shares.

Based on Triton International's March 14 closing price of $31.94, S&P Global Market Intelligence expects gross offering proceeds to the Warburg Pincus funds of roughly $227.8 million. The funds will no longer own any shares of Triton International, following the sale.

Triton International will not receive any proceeds from the sale.

Triton International also intends to repurchase 1.5 million of its common shares from Morgan Stanley, the underwriter for the offering, at a price equal to what Morgan Stanley pays to the selling shareholders.