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May 18, 2026 8:10 AM

Garrett Motion announces partial repayment and successful repricing of Term Loan

PLYMOUTH, Mich. and ROLLE, Switzerland, May 18, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) ("Garrett" or the "Company"), a global leader in differentiated turbocharging and electrification technologies for mobility and industrial applications, today announced the successful repricing and a $50M early repayment of its existing $635M term loan due in 2032.

Borrowings under the facility will bear interest at the Secured Overnight Financing Rate ("SOFR") plus 175 basis points per annum, which represents a 25-basis point reduction from the existing facility.

"We are pleased to have completed the repricing of our term loan, reflecting the strength of our financial profile and lender confidence in our long-term strategy," said Olivier Rabiller, President and CEO of Garrett. "The repricing will further reduce interest expense and strengthen liquidity."

About Garrett Motion Inc.A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its well-recognized expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. ...

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