Garrett Motion announces partial repayment and successful repricing of Term Loan
Garrett Motion successfully repriced its $635 million term loan due in 2032, reducing the interest rate spread by 25 basis points to SOFR plus 175 bps. The company also executed a $50 million early repayment on the facility, demonstrating strong liquidity and lender confidence.
Key figures
- Rate reduction
- 25 bps
- Early repayment
- 50000000
- Term loan total
- 635000000
- Interest rate spread
- SOFR + 175 bps
AI analysis
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