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

From the Filing

0000895345-24-000619.txt : 20241217 0000895345-24-000619.hdr.sgml : 20241217 20241217163036 ACCESSION NUMBER: 0000895345-24-000619 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20241217 DATE AS OF CHANGE: 20241217 GROUP MEMBERS: CENTERBRIDGE CREDIT CAYMAN GP, LTD. GROUP MEMBERS: CENTERBRIDGE CREDIT GP INVESTORS, L.L.C. GROUP MEMBERS: CENTERBRIDGE CREDIT PARTNERS OFFSHORE GENERAL PARTNER, L.P. GROUP MEMBERS: CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER III, L. GROUP MEMBERS: CENTERBRIDGE SPECIAL CREDIT PARTNERS III-FLEX, L.P. GROUP MEMBERS: CSCP III CAYMAN GP LTD. GROUP MEMBERS: JEFFREY H. ARONSON 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: 241556148 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: Centerbridge Credit Partners Master, L.P. CENTRAL INDEX KEY: 0001584544 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: (212) 672-5000 MAIL ADDRESS: STREET 1: 375 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10152 SC 13D/A 1 ff4254253_13da5-garrett.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* Garrett Motion Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities) 366505105 (CUSIP Number) Susanne V. Clark Senior Managing Director, General Counsel and Chief Sustainability Officer c/o Centerbridge Partners, L.P. 375 Park Avenue, 11th Floor New York, New York 10152 (212) 672-5000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 13, 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). CUSIP No. 366505105 Schedule 13D Page 2 of 12 1 NAMES OF REPORTING PERSONS       Centerbridge Credit Partners Master, L.P.         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐   (b) ☒     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)       OO         5 CHECK BOX IF DISCLOSURE OF L