Garrett Motion Inc., a prominent automotive technology provider, has successfully repriced its existing $690 million term loan set to mature in 2032. The new agreement, announced on August 6, 2025, reduces the interest rate by 25 basis points, with borrowings now bearing interest at the Secured Overnight Financing Rate $(SOFR)$ plus 200 basis points annually. This adjustment reflects the company's strong financial standing and the confidence of lenders in Garrett's long-term strategy. The repricing is expected to lower interest expenses and enhance liquidity, enabling continued investment in innovation and shareholder returns.
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