{"schema_version":"secwatch.filing_event.v1","accession":"0001735707-23-000032","form_type":"8-K","ticker":"GTX","cik":"0001735707","company_name":"Garrett Motion Inc.","filed_at":"2023-04-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.296285+00:00","generated_at":"2026-06-17T02:43:13.972342+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Garrett Motion to convert all Series A Preferred into Common, repurchase $570M from Centerbridge and Oaktree","bullets":["Convert all Series A Preferred to Common on/around July 3, 2023; eliminates 11% dividend, adds >$100M annual cash flow.","Repurchase ~$570M of Series A Preferred from Centerbridge and Oaktree at adjusted $8.10/share; each stake falls to 15%.","Board increases share repurchase authorization to $250 million.","Centerbridge and Oaktree reduce board nomination rights to one each; 50% lock-up for 6 months, rest for 12 months.","Transaction subject to ~$700M new term loan B debt financing, expected to close in Q2 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001735707-23-000032","json":"https://secwatch.observer/filing/0001735707-23-000032.json","markdown":"https://secwatch.observer/filing/0001735707-23-000032.md","text":"https://secwatch.observer/filing/0001735707-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1735707/000173570723000032/0001735707-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1735707/000173570723000032/gtx-20230413.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:43:13.972342+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}