Garrett Motion Provides Update on the Impact of COVID-19
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Business Wire
Withdraws Full Year 2020 Guidance ROLLE, Switzerland--(BUSINESS WIRE)--Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it has taken additional actions to confront the coronavirus pandemic.On April 6, 2020, the Company fully drew the remaining funds available under its revolving credit facility of approximately $470 million to increase its financial flexibility in the current environment. With the additional funds, Garrett has supplemented its cash position, which totaled approximately $250 million as of March 31, 2020, including a draw down on the revolver of $66 million in the first quarter. As a result, total liquidity available at the start of the second quarter is approximately $655 million. There are no significant debt maturities before September 2023."The COVID-19 pandemic has created substantial disruption across the global automotive industry a
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GTX
Earnings
- 4/25/24 - Beat
GTX
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