Garrett Motion completes Series A Preferred conversion; pays $25.3M cash and 18.3M shares

Garrett Motion Inc.

Final conversion of all Series A Preferred Stock to Common Stock completed on June 20, 2023.
Aggregate additional payment: $25,315,149 in cash and 18,301,481 shares of Common Stock.
On June 5, 2023, repurchased ~$570M of Series A Preferred from Centerbridge and Oaktree; paid $10.1M cash and 7.3M shares.
Common shares outstanding post-transactions: approximately 265,574,498.

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