Garrett Motion Inc. Files 8-K for Material Definitive Agreement

Ticker: GTX · Form: 8-K · Filed: 2025-01-31T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Garrett Motion Inc. just signed a big deal, creating a new financial obligation. Details in the 8-K.

AI Summary

On January 30, 2025, Garrett Motion Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing also includes other events and financial statements and exhibits.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Garrett Motion Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

FAQ

What type of material definitive agreement did Garrett Motion Inc. enter into?

The filing states that Garrett Motion Inc. entered into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.

What is the nature of the direct financial obligation created?

The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of this obligation are not elaborated in the provided text.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 30, 2025.

Where is Garrett Motion Inc. incorporated?

Garrett Motion Inc. is incorporated in Delaware.

What other items are included in this 8-K filing besides the material definitive agreement?

This 8-K filing also includes information on 'Other Events' and 'Financial Statements and Exhibits'.

From the Filing

0000950142-25-000228.txt : 20250131 0000950142-25-000228.hdr.sgml : 20250131 20250131085629 ACCESSION NUMBER: 0000950142-25-000228 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250130 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250131 DATE AS OF CHANGE: 20250131 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38636 FILM NUMBER: 25576057 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 8-K 1 eh250584889_8k.htm FORM 8-K FORM 8-K false 0001735707 0001735707 2025-01-30 2025-01-30 0001735707 dei:OtherAddressMember 2025-01-30 2025-01-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM  8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  January 30, 2025 GARRETT MOTION INC. (Exact name of Registrant as specified in its charter) Delaware 1-38636 82-4873189 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number)   47548 Halyard Drive , Plymouth , MI 48170 and La Pièce 16 , 1180 Rolle , Switzerland (Address of principal executive offices) (Zip Code)   +1 734 392 5500 and + 41 21 695 30 00 (Registrant’s telephone number, including area code)   Not Applicable (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 par value per share   GTX   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐             Item 1.01 Entry into a Material Definitive Agreement On January 30, 2025, Garrett Motion Inc. (the “ Company ”) entered into that certain Restatement Agreement (the “ Restatement Agreement ”), which amends and restates that certain Credit Agreement, dated as of April 30, 2021 (as amended by that ce

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