Garrett Motion Inc., a leading automotive technology provider, announced a secondary public offering of 17 million shares of its common stock. These shares are held by entities managed by Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners. The underwriters have a 30-day option to purchase up to an additional 2.55 million shares. The selling stockholders will receive all net proceeds from the offering. Garrett is not selling any shares and will not receive any proceeds. As part of the offering, Garrett plans to repurchase approximately 2 million shares, with a maximum aggregate repurchase amount of $25 million, under its existing $250 million share repurchase program. Goldman Sachs and J.P. Morgan are leading the underwriting process, with several other financial institutions acting as joint bookrunning managers.