Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Garrett Motion Inc. amended Third Amendment to Credit Agreement with Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. valued at Incremental Term Facility of $700,000,000; Incremental Revolving Commitment increase of $95,000,000 (effective 2022-04-27).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Centerbridge Partners, L.P. and Oaktree Capital Management, L.P.
- Value
- Incremental Term Facility of $700,000,000; Incremental Revolving Commitment increase of $95,000,000
- Effective
- 2022-04-27
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. Third Amendment to Credit Agreement On April 27, 2022 (the “ Signing Date ”), Garrett Motion Inc. (the “ Company ”) entered into Amendment No. 3 (the “ Third Amendment ”) to that certain Credit Agreement, dated as of April 30, 2021, by and among the Company, Garrett LX I S.à r.l. (the “ Lux Borrower ”), Garrett Motion Holdings Inc. (the “ U.S. Co-Borrower ” and together with the Lux Borrower, the “ Term Borrowers ”), Garrett Motion Sàrl (the “ Swiss Borrower ”), the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended by the First Amendment, dated as of January 11, 2022 and the Second Amendment, dated March 22, 2022, the “ Credit Agreement ”, and as amended by the Third Amendment, the “ Amended Credit Agreement ”).
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