Centerbridge Amends Garrett Motion Stake Filing

TL;DR

Centerbridge updated its Garrett Motion filing on 12/17/24. Watch for ownership changes.

AI Summary

Centerbridge Credit Partners Master, L.P. has amended its Schedule 13D filing regarding Garrett Motion Inc. on December 17, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous filing concerning Garrett Motion Inc., a company in the motor vehicle parts and accessories sector.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Garrett Motion Inc., which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased stock volatility.

Key Players & Entities

• Centerbridge Credit Partners Master, L.P. (company) — Filing entity
• Garrett Motion Inc. (company) — Subject company
• 20241217 (date) — Filing date
• Jeffrey H. Aronson (person) — Group member

FAQ

Key Financial Figures

• $0.001 — n Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
• $8.90 — 2024 Credit Partners Master 829,715 $8.90 Repurchase by the Company December 13

Filing Documents

• ff4254253_13da5-garrett.htm (SC 13D/A) — 267KB
• ex99_1.htm (EX-99.1) — 54KB
• ex99_2.htm (EX-99.2) — 55KB
• 0000895345-24-000619.txt ( ) — 378KB

is hereby amended and restated to read as follows

Item 5 is hereby amended and restated to read as follows: (a) and (b). The information required by Items 5(a) – (b) is set forth in rows 7 – 13 of the cover page for each of the Reporting Persons and is incorporated herein by reference. (c). On December 13, 2024, the Reporting Persons agreed to sell to the Company the shares of Common Stock as set forth in the table below. Agreement Date Seller Shares Sold Price Per Share Type of Transaction December 13, 2024 Credit Partners Master 829,715 $8.90 Repurchase by the Company December 13, 2024 SC III-Flex 1,979,273 $8.90 Repurchase by the Company Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer. On December 13, 2024, each of Credit Partners Master and SC III Flex entered into a Block Trade Purchase Agreement with the Company pursuant to which it agreed to sell, and the Company agreed to repurchase, the number of shares of Common Stock referenced in Item 5(c) above. Copies of each such agreement are attached as Exhibits to this Schedule 13D and such agreements are incorporated by reference herein. Item 7. Material to be Filed as Exhibits. Block Trade Purchase Agreement, dated December 13, 2024, between the Company and SC III Flex Block Trade Purchase Agreement, dated December 13, 2024, between the Company and Credit Partners Master Page 11 of 12

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: December 17, 2024 CENTERBRIDGE CREDIT PARTNERS MASTER, L.P. By: Centerbridge Credit Partners Offshore General Partner, L.P., its general partner By: Centerbridge Credit Cayman GP, Ltd., its general partner By: Centerbridge Credit GP Investors, L.L.C., its director /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory CENTERBRIDGE CREDIT PARTNERS OFFSHORE GENERAL PARTNER, L.P. By: Centerbridge Credit Cayman GP, Ltd., its general partner By: Centerbridge Credit GP Investors, L.L.C., its director /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory CENTERBRIDGE CREDIT CAYMAN GP, LTD. By: Centerbridge Credit GP Investors, L.L.C., its director /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory CENTERBRIDGE CREDIT GP INVESTORS, L.L.C. /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory Page 12 of 12 CENTERBRIDGE SPECIAL CREDIT PARTNERS III-FLEX, L.P. By: Centerbridge Special Credit Partners General Partner III, L.P., its general partner By: CSCP III Cayman GP Ltd., its general partner /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER III, L.P. By: CSCP III Cayman GP Ltd., its general partner /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory CSCP III CAYMAN GP LTD. /s/ Susanne V. Clark Name: Susanne V. Clark Title: Authorized Signatory JEFFREY H. ARONSON /s/ Jeffrey H. Aronson

View Full Filing

View this SC 13D/A filing on SEC EDGAR