Garrett Motion reprices $635M term loan, rate cut 25bps to SOFR+175bps, repays $50M early

Garrett Motion Inc.

Interest rate on $635M term loan reduced 25 bps to SOFR + 175 bps, effective May 18, 2026.
Company made a $50M early repayment on the term loan due 2032.
Second Amendment resets 1.00% soft call protection on repricing transactions for six months.
CEO Olivier Rabiller says repricing reflects lender confidence and will reduce interest expense.

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