secwatch.observer — SEC 8-K summary
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Issuer:     Garrett Motion Inc. (GTX)
CIK:        0001735707
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001735707-24-000031
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Garrett Motion upsizes and prices $800M 7.75% senior notes due 2032 to refinance term loans
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- Aggregate principal increased from $500M to $800M at 7.750% due 2032.
- Proceeds plus cash on hand will repay ~$800M of term loan indebtedness.
- Notes sold at 100% plus accrued interest; closing expected May 21, 2024.
- Offering is private, unregistered, sold to QIBs and non-U.S. persons under Rule 144A/Reg S.
- Guaranteed by Garrett Motion and its restricted subsidiaries that back existing credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000031/0001735707-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735707/000173570724000031/gtx-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001735707-24-000031

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