Major owner of Garrett Motion Inc. just disposed of 3,390,000 shares

Special Credit Centerbridge, a major owner of Garrett Motion Inc., recently disposed of 3,390,000 shares of the company. The disposals took place at $0.00 per share, on April 30, 2021. Centerbridge no longer owns any shares of the company. Centerbridge operates out of New York, NY. Some additional info was provided as follows:


On April 30, 2021, Garrett Motion Inc.'s (the "Company") plan of reorganization became effective which automatically terminated the Second Amended and Restated Plan Support Agreement. Upon the effective date of the plan of reorganization, all then outstanding shares of Common Stock were cancelled. As a result, on April 30, 2021, each of the Reporting Persons listed herein ceased to be the beneficial owner of any shares of Common Stock, and instead acquired beneficial ownership of newly issued securities in the reorganized Company. These newly acquired interests in the Company shall be reported on a subsequent Form 3 filing.
CSCP III Cayman GP Ltd. ("CSCP III Cayman GP") is the general partner of Centerbridge Special Credit Partners General Partner III, L.P. ("Special Credit III GP"), which is the general partner of Centerbridge Special Credit Partners III-Flex, L.P. ("SC III-Flex"), and may be deemed to share beneficial ownership over the shares held of record by SC III-Flex. As the director of CSCP III Cayman GP, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by SC III-Flex. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by SC III-Flex, except to the extent of any proportionate pecuniary interest therein. Centerbridge Credit GP Investors, L.L.C. ("Credit GP Investors") is the sole director of Centerbridge Credit Cayman GP, Ltd. ("Credit Cayman GP"), which is the general partner of Centerbridge Credit Partners Offshore General Partner, L.P.
(Continued from Footnote 2) ("Credit Partners Offshore GP"), which is the general partner of Centerbridge Credit Partners Master, L.P. ("Credit Partners Master"), and may be deemed to share beneficial ownership over the shares held of record by Credit Partners Master. As the managing member of Credit GP Investors, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by Credit Partners Master. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by Credit Partners Master, except to the extent of any proportionate pecuniary interest therein

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

VP of Garrett Motion Inc. just declared ownership of no shares of Garrett Motion Inc. - Oct. 14, 2021
Garrett Motion Inc. just filed a prospectus, suggesting it plans to soon issue some securities - Oct. 12, 2021
Garrett Motion Inc. director just declared ownership of no shares of Garrett Motion Inc. - Oct. 12, 2021
Departure of Directors or Certain - Oct. 6, 2021
Major owner of Garrett Motion Inc. just declared 0 restricted shares - Oct. 5, 2021

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