Triton Container is in the market with Triton Container Finance III LLC - Series 2012-1
worth $275 million.
According to Standard & Poor's, the collateral backing the offering is a portfolio with a net book value of $493,511,109 comprising 180,249 containers.
Triton Container Finance III LLC has the right to lease revenues from the portfolio and any residual cash flows from the sale of containers. S&P said that this collateral is shared with series 2009-1 notes.
The initial purchasers and co-lead managers on the deal are Wells Fargo Securities and Nomura Securities International.
Another offering from the sector this week is Cronos Group's, which is planning to sell a $250 million container ABS with Deutsche Bank Securities and Wells Fargo as lead managers, according to Bloomberg.
In credit cards, the news service said that JPMorgan has priced a card securitization that was upsized to $1.6 billion from $1 billion. For the Securities and Exhange Commission filing related to the deal, please click here.
Nissan Motor Acceptance Corp.'s $750 million dealer floorplan transaction also priced this afternoon.
Other deals that came out this week are a SLABS from Sallie Mae and an auto securitization from Ford Credit Canada.