Garrett Motion refinances $692M term loan and upsizes revolver to $630M, lowers rate 50 bps

Garrett Motion Inc.

Refinanced $692M term loan, new maturity Jan 30, 2032, initial rate SOFR+225 bps (50 bps reduction from prior).
Upsized revolving credit facility from $600M to $630M with maturity extended to Jan 30, 2030.
CEO Olivier Rabiller says refinancing reduces interest expense and extends debt maturity profile.
Proceeds used to refinance existing term loans and permanently replace prior revolving commitments.

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