Brookfield Oaktree Files Garrett Motion Stake Update

TL;DR

Brookfield Oaktree updated their Garrett Motion stake filing. Watch for potential moves.

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 April 29, 2024. The filing details the group's holdings and their relationship to the subject company, Garrett Motion Inc., which is in the motor vehicle parts industry.

Why It Matters

This filing signals a potential shift in significant ownership for Garrett Motion Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements.

Key Players & Entities

• Brookfield Oaktree Holdings, LLC (company) — Filer of the SC 13D/A
• 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

Filing Documents

• ef20027960_sc13da.htm (SC 13D/A) — 344KB
• 0001140361-24-023135.txt ( ) — 347KB

is hereby amended and restated as follows

Item 2 is hereby amended and restated as follows: (a)-(c) & (f) This Schedule 13D is filed as a joint statement pursuant to Rule 13d-1(k) under the Act by each of the following persons (collectively, the "Reporting Persons"): (i) Oaktree Value Opportunities Fund Holdings, L.P., a Delaware limited partnership, in its capacity as a direct holder; (ii) OCM Opps GTM Holdings, LLC, a Delaware limited liability corporation, in its capacity as a direct holder; (iii) Oaktree Phoenix Investment Fund LP, a Cayman Islands limited partnership, in its capacity as a direct holder; (iv) Oaktree Opportunities Fund Xb Holdings (Delaware) LP, a Delaware limited partnership (and together with each of the foregoing, the "Direct Holders"), in its capacity as a direct holder; (v) Brookfield Oaktree Holdings, LLC (f/k/a Oaktree Capital Group, LLC), a Delaware limited liability company, in its capacity as the indirect manager of OCM Growth and Fund Xb Delaware (the "BOH Entities"); (vi) Oaktree Capital Holdings, LLC (f/k/a Atlas OCM Holdings, LLC), a Delaware limited liability corporation, in its capacity as the indirect manager of Oaktree Value Opportunities Fund Holdings, L.P. and Oaktree Phoenix Investment Fund LP (the "OCH Entities"); (vii) Oaktree Capital Group Holdings GP, LLC, a Delaware limited liability company (and together with each of the foregoing, the "Oaktree Reporting Persons"), in its capacity as the indirect owner of each of Brookfield Oaktree Holdings, LLC and Oaktree Capital Holdings, LLC; (viii) Brookfield Corporation, an Ontario corporation ("BN"), in its capacity as the indirect owner of Brookfield Oaktree Holdings, LLC; (ix) BAM Partners Trust, a trust formed under the laws of Ontario, in its capacity as the sole owner of Class B Limited Voting Shares of BN; and (x) Brookfield Asset Management ULC, a British Columbia corporation (and together with BN and BAM Partners Trust, the "Brookfield Reporting Persons"), in its capacity as an in

(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 19.5% of the Common Stock outstanding as of the date hereof. All such ownership percentages of the securities reported herein are based upon 225,990,207 shares of Common Stock outstanding as of April 19, 2024, as reported by the Issuer in its quarterly report on Form 10-Q filed with the SEC on April 25, 2024. This Amendment No. 5 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 of

View Full Filing

View this SC 13D/A filing on SEC EDGAR