Garrett Motion files for bankruptcy with $2.1B KPS offer [Seeking Alpha]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Seeking Alpha
Garrett Motion files for bankruptcy with $2.1B KPS offerSep. 20, 2020 10:55 PM ET|Garrett Motion Inc. (GTX)Carl Surran(NYSE:files for Chapter 11 bankruptcyGarrett says KPS will be its stalking horse to acquire the company's assets following its bankruptcy filing on Sunday in the U.S. Bankruptcy Court in Manhattan."Although the fundamentals of our business are strong... the financial strains of the heavy debt load and liabilities we inherited in the spinoff from Honeywell - all exacerbated by COVID-19 - have created a significant long-term burden on our business," CEO Olivier Rabiller says.When the two companies separated in 2018, Garrett agreed to reimburse Honeywell for certain payouts to victims of asbestos exposure stemming from Honeywell's Bendix division, but the companysued last year for a court order seeking to unwind the reimbursement dealClick to subscribe to real-time analytics on GTXNow read:Lockheed Martin Wins $64 Billion In Orders »
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- Garrett Motion Inc. Announces Upsizing and Pricing of Private Offering of $800 Million of Senior Notes Due 2032GlobeNewswire
- Garrett Motion Inc. Announces Proposed Private Offering of $500 Million of Senior Notes Due 2032 [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Inc. Announces Proposed Private Offering of $500 Million of Senior Notes Due 2032GlobeNewswire
- Why Fast-paced Mover Garrett Motion (GTX) Is a Great Choice for Value Investors [Yahoo! Finance]Yahoo! Finance
- Here's Why Garrett Motion (GTX) Rose in Q1 [Yahoo! Finance]Yahoo! Finance
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- 4/25/24 - Beat
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Sec Filings
- 5/7/24 - Form 8-K
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- GTX's page on the SEC website