Garrett Motion Inc. Makes Bold Move with $500 Million Senior Notes Offering

May 7, 2024, 3:32 pm
Garrett - Advancing Motion
Garrett - Advancing Motion
AutomationCleanerCommerceDieselEnergyTechManufacturingSoftwareTechnologyTransportationVehicles
Location: Switzerland, Vaud, Rolle
Employees: 5001-10000
Founded date: 2018
Total raised: $679.3M
Garrett Motion Inc., a global leader in automotive technology, recently announced a strategic move to offer $500 million in senior unsecured notes due 2032. This private offering aims to strengthen the company's financial position and pave the way for future growth opportunities. The notes, fully guaranteed by the company and its subsidiaries, will be used to repay existing debt and cover related expenses. This bold move reflects Garrett Motion's commitment to innovation and sustainability in the automotive industry.