Brookfield Oaktree Adjusts Garrett Motion Stake

TL;DR

Brookfield Oaktree filed an update on their Garrett Motion (GTX) stake. Keep an eye on this.

AI Summary

Brookfield Oaktree Holdings, LLC, a group including Brookfield Asset Management and Oaktree Capital, has filed an amendment to their SC 13D, indicating a change in their beneficial ownership of Garrett Motion Inc. as of October 28, 2024. The filing does not specify the exact percentage or number of shares acquired or disposed of in this amendment, but it signifies an ongoing relationship and potential strategic interest in Garrett Motion Inc.

Why It Matters

This filing signals a potential shift in the ownership structure of Garrett Motion Inc., which could impact its strategic direction and future performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in control or strategy, which may affect the company's stock price.

Key Players & Entities

• Brookfield Oaktree Holdings, LLC (company) — Filer of the SC 13D/A amendment
• Garrett Motion Inc. (company) — Subject company of the filing
• Brookfield Asset Management (company) — Group member of the filer
• Oaktree Capital (company) — Group member of the filer

FAQ

Key Financial Figures

• $0.001 — n Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
• $375,000 — 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty. Item 5. Interest in Securit

Filing Documents

• ef20037789_sc13da.htm (SC 13D/A) — 310KB
• 0001140361-24-044462.txt ( ) — 312KB

(e) is hereby amended and restated in its entirety as follows

Item 2(e) is hereby amended and restated in its entirety as follows: On September 25, 2024, the SEC accepted an offer by Oaktree Capital Management L.P., an affiliate of the Reporting Persons (including Oaktree Capital Holdings LLC as the sole managing member of the general partner of Oaktree Capital Management L.P.), to resolve an investigation involving Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 13d-2 and 16a-3 thereunder, which require certain investors, like Oaktree, that beneficially own the registered equity securities of a public company to file reports with the SEC of their beneficial ownership in the equity of the company, including changes in their beneficial ownership, within specified timeframes. Oaktree cooperated immediately and fully with the SEC's investigation, and, without admitting or denying the SEC's findings, in a settled proceeding agreed to cease and desist from committing or causing any violations and any future violations of Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty. Item 5. Interest in Securities of the Issuer

(a), (b), and (c) of the Original Schedule 13D are hereby amended and restated in their entirety as follows

Item 5 (a), (b), and (c) of the Original Schedule 13D are hereby amended and restated in their entirety as follows: (a) and (b) The information contained on the cover pages of this Statement is incorporated herein by reference. In the aggregate, the Reporting Persons beneficially own, as of the date hereof, 44,082,816 shares of Common Stock, representing approximately 20.6% of the Common Stock outstanding as of the date hereof. All such ownership percentages of the securities reported herein are based upon 213,562,312 shares of Common Stock outstanding as of October 18, 2024, as reported by the Issuer in its quarterly report on Form 10-Q filed with the SEC on October 24, 2024. This Amendment No. 6 is being filed to reflect changes to the percentages previously reported solely as a result of the change in the outstanding shares of Common Stock reported by the Issuer in its Form 10-Q. Oaktree Value Opportunities Fund Holdings, L.P. directly holds 9,174,939 shares of Common Stock and has the sole power to vote and dispose of such shares; OCM Opps GTM Holdings, LLC directly holds 30,913,991 shares of Common Stock and has the sole power to vote and dispose of such shares of Common Stock; Oaktree Phoenix Investment Fund LP directly holds 1,119,397 shares of Common Stock and has the sole power to vote and dispose of such shares; Oaktree Opportunities Fund Xb Holdings (Delaware) LP directly holds 2,874,489 shares of Common Stock and has the sole power to vote and dispose of such shares; Brookfield Oaktree Holdings, LLC, in its capacity as the indirect manager of the BOH Entities, may be deemed to beneficially own the 33,788,480 shares of Common Stock held directly by the BOH Entities; Oaktree Capital Holdings, LLC, in its capacity as the indirect manager of the OCH Entities, may be deemed to beneficially own the 10,294,336 shares of Common Stock held directly by the OCH Entities; Oaktree Capital Group Holdings GP, LLC, in its capacity as the indirect owner of each

View Full Filing

View this SC 13D/A filing on SEC EDGAR