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Changed Risks for TRITON INTERNATIONAL LTD (TRTN)

Our failure to comply with required public company corporate governance and financial reporting practices and regulations could materially and adversely impact our financial condition, operating results and the price of our common shares Further, our internal controls over financial reporting may not detect all errors or omissions in the financial statements

The calculation of our income tax expense requires judgment and the use of estimates

Equipment trading results have been highly volatile and are subject to many factors outside of our control

Possible replacement of the LIBOR benchmark interest rate may have an impact on our business

Litigation to enforce our leases and recover our containers has inherent uncertainties These uncertainties are increased for our containers located in jurisdictions that have less developed legal systems

Environmental regulations may result in equipment obsolescence or require substantial investments to retrofit existing equipment Additionally, environmental concerns are leading to significant design changes for new containers that have not been extensively tested, which increases the likelihood that we could face technical problems

The implementation of new environmental regulations is expected to significantly increase the operating cost of our shipping line customers, further pressuring their financial performance and increasing our credit risk

Changes in US tax rules as part of the 2017 US tax legislation could negatively impact our income tax provisions or future cash tax payments

We have a complex debt structure with numerous credit facilities containing various non-financial covenants which are not standardized between facilities  This increases the risk of a technical default that could lead to the acceleration of our repayment obligations in certain instances

Increased tariffs or other trade actions could adversely affect our business, financial conditions and results of operations