Major owner of Garrett Motion Inc. just disposed of 3,593,111 shares

Capital Management Oaktree, a major owner of Garrett Motion Inc., recently disposed of 3,593,111 shares of the company. The disposals took place at $0.00 per share, on April 30, 2021. Oaktree no longer owns any shares of the company. Oaktree operates out of Los Angeles, CA. 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.
These shares of common stock, $0.001 par value per share (the "Shares"), of the Company were beneficially owned by Oaktree Capital Management, L.P., ("Management") and OCM Opps GTM Holdings, LLC ("GTM Holdings") as a result of being the investment manager of certain private investment funds that directly held Shares, including Oaktree Value Opportunities Fund Holdings, L.P., ("VOF Holdings"), Oaktree Value Opportunities Fund GP, L.P., ("VOF GP"), as general partner of VOF Holdings, Oaktree Value Opportunities Fund GP Ltd., ("VOF GP Ltd."), as general partner of VOF GP, Oaktree Fund GP, LLC, ("Fund GP"), as general partner of GTM Holdings, Oaktree Fund GP I, L.P., ("GP I"), as managing member of Fund GP and the sole shareholder of VOF GP Ltd., Oaktree Capital I, L.P., ("Capital I"), as general partner of GP I, OCM Holdings I, LLC, ("Holdings I"), as general partner of Capital I and to hold limited partnership interests in Capital I, Oaktree Holdings LLC, ("Holdings"),
(Continued from footnote 2) as managing member of Holdings I, Oaktree Capital Management GP, LLC, ("Management GP"), as general partner of Management, Atlas OCM Holdings LLC, ("Atlas"), as manager of Management GP, Oaktree Capital Group, LLC, ("OCG"), as managing member of Holdings, Oaktree Capital Group Holdings GP, LLC, ("OCGH GP"), as indirect owner of the class B units of each of OCG and Atlas, Brookfield Asset Management, Inc., ("BAM"), as indirect owner of the class A units of each of OCG and Atlas, and BAM Partners Trust, (the "BAM Partnership"), as sole owner of the Class B Limited Voting Shares of BAM. BAM Class B Partners Inc. ("BAM Partners") is the trustee of the BAM Partnership.

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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