secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0000950142-24-001390
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion closes $800M 7.750% Senior Notes due 2032; amends credit facility to lower rates
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- $800M aggregate principal of 7.750% Senior Notes due 2032 issued; proceeds to repay ~$800M of term loan debt.
- Dollar Initial Term Loan rates cut to 2.75% (Term Benchmark) and 1.75% (ABR) via Fourth Amendment.
- Revolving credit commitments increased by $30.25M to $600M via Fifth Amendment.
- Notes mature May 31, 2032; semiannual interest starts Nov 30, 2024; senior unsecured with parent guarantees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014224001390/0000950142-24-001390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014224001390/eh240484338_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-001390

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