secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0000950142-25-001437
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Garrett Motion launches secondary offering of 17M shares and concurrent $25M buyback
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- Secondary offering of 17,000,000 shares by Oaktree, Centerbridge and Cyrus Capital affiliates.
- Underwriters have 30-day option to purchase up to an additional 2,550,000 shares from selling stockholders.
- Garrett will repurchase ~2 million shares (max $25M) from underwriters as part of existing $250M buyback program.
- Goldman Sachs and J.P. Morgan are lead bookrunners; Deutsche Bank, Wells Fargo, BNP Paribas, BofA, RBC, Stifel are joint bookrunners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014225001437/0000950142-25-001437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014225001437/eh250629889_8k-launch.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-001437

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer