secwatch.observer — SEC 8-K summary
======================================

Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001193125-21-288673
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion amends Series B terms, plans $213M partial redemption, defers put option to Dec 2022
--------------------------------------------------------------------------------

- Partial redemption of Series B Preferred Stock in Q1 2022 for ~$213M; remaining present value ~$400M.
- Series B put option deferred to at least Dec 31, 2022, improving capital flexibility.
- Scheduled $34.8M annual redemption payment on April 30, 2022 remains unchanged.
- Tina Pierce replaces Darius Adamczyk as Honeywell designee on Board, effective Sept 30, 2021.
- Series A Preferred Stock (GTXAP) begins trading on Nasdaq on Oct 1, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000119312521288673/0001193125-21-288673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000119312521288673/d237339d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-288673

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