secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2026-05-20T12:45:25+00:00
Accession:  0000950142-26-001458
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000095014226001458/0000950142-26-001458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000095014226001458/eh260781731_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001458

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