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Garrett Motion Announces Refinancing and Extension of Term Loan and Revolving Credit Facility
Contract Type
agreement
Description
Garrett Motion Inc. has successfully refinanced its existing $692 million term loan and refinanced and upsized its existing $600 million revolving credit facility to $630 million. The new loans bear interest at the Secured Overnight Financing Rate plus 225 basis points per annum, which represents a reduction from the existing facilities. The maturities of the term loan and revolving credit facility have been extended to 2032 and 2030, respectively.
Garrett Motion Inc. signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.
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