Brookfield Oaktree Files Garrett Motion SC 13D/A Amendment

TL;DR

Brookfield Oaktree updated their Garrett Motion filing. Watch for ownership changes.

AI Summary

Brookfield Oaktree Holdings, LLC, a group including Brookfield Asset Management and Oaktree Capital, has filed an amendment to their SC 13D/A for Garrett Motion Inc. on April 29, 2024. This filing indicates a change in their beneficial ownership of Garrett Motion Inc. stock, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of a significant stakeholder in Garrett Motion Inc., which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Filings like SC 13D/A often precede significant corporate actions or shifts in control, introducing uncertainty.

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

From the Filing

0001140361-24-023135.txt : 20240429 0001140361-24-023135.hdr.sgml : 20240429 20240429171631 ACCESSION NUMBER: 0001140361-24-023135 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240429 DATE AS OF CHANGE: 20240429 GROUP MEMBERS: BAM PARTNERS TRUST GROUP MEMBERS: BROOKFIELD ASSET MANAGEMENT ULC GROUP MEMBERS: BROOKFIELD CORP GROUP MEMBERS: OAKTREE CAPITAL GROUP HOLDINGS GP, LLC GROUP MEMBERS: OAKTREE CAPITAL HOLDINGS, LLC GROUP MEMBERS: OAKTREE OPPORTUNITIES FUND XB HOLDINGS (DELAWARE) LP GROUP MEMBERS: OAKTREE PHOENIX INVESTMENT FUND, L.P. GROUP MEMBERS: OAKTREE VALUE OPPORTUNITIES FUND HOLDINGS, L.P. GROUP MEMBERS: OCM OPPS GTM HOLDINGS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Garrett Motion Inc. CENTRAL INDEX KEY: 0001735707 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 824873189 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90700 FILM NUMBER: 24892781 BUSINESS ADDRESS: STREET 1: LA PIECE 16 CITY: ROLLE STATE: V8 ZIP: 1180 BUSINESS PHONE: 41-21-695-3000 MAIL ADDRESS: STREET 1: LA PIECE 16 CITY: ROLLE STATE: V8 ZIP: 1180 FORMER COMPANY: FORMER CONFORMED NAME: Garrett Transportation Systems Inc. DATE OF NAME CHANGE: 20180327 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Brookfield Oaktree Holdings, LLC CENTRAL INDEX KEY: 0001403528 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 830-6300 MAIL ADDRESS: STREET 1: 333 SOUTH GRAND AVENUE STREET 2: 28TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Oaktree Capital Group, LLC DATE OF NAME CHANGE: 20070618 SC 13D/A 1 ef20027960_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   SCHEDULE 13D/A   Under the Securities Exchange Act of 1934 (Amendment No. 5)     INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)   Garrett Motion Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities)   366505105 (CUSIP Number)   Richard Ting General Counsel & Managing Director Oaktree Capital Group Holdings GP, LLC 333 South Grand Avenue, 28th Floor Los Angeles California 90071 (213)   830-6300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 25, 2024 (Date of Event Which Requires Filing of this Statement)     If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐   Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.   *     The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.   The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).   1 NAM