Garrett Motion reprices $690M term loan due 2032, rate cut 25 bps to SOFR+200

Garrett Motion Inc.

Repriced $690 million term loan due 2032; margin reduced to SOFR + 200 bps (25 bps reduction).
Soft call protection of 1.00% reset for six months for certain repricing transactions.
Company expects lower interest expense and improved liquidity; other terms unchanged.
CEO Olivier Rabiller cites strong financial profile and lender confidence in long-term strategy.

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