Triton Container wraps $600 million revolver at Libor plus 175 bps

By Sara Rosenberg

New York, Oct. 27 - Triton Container International Ltd.'s $600 million revolving credit facility is priced at Libor plus 175 basis points, according to a market source.

The revolver was upsized from $500 million due to strong demand.

Bank of America Merrill Lynch, Union Bank, Wells Fargo Securities LLC and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.

Proceeds will be used to refinance an existing revolver.

Triton is a San Francisco-based container manufacturer.

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