Amended Statement of Beneficial Ownership (sc 13d/a)
November 17 2020 - 5:04AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Garrett
Motion Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
366505105
(CUSIP Number)
Jennifer M. Pulick
General Counsel
Cyrus
Capital Partners, L.P.
65 East 55th Street, 35th Floor
New York, New York 10022
(212) 380-5800
with a copy to
Robert A. Profusek
Jones
Day
250 Vesey Street
New York, New York 10281
(212) 326-3800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 16, 2020
(Date of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including
all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 366505105
Page 2 of 3 Pages
Explanatory Note
This Amendment No. 3 amends the statement on Schedule 13D filed with the Securities and Exchange Commission by Cyrus Capital
Partners, L.P., Cyrus Capital Partners GP, L.L.C., Cyrus Capital Advisors, L.L.C. and Stephen C. Freidheim (collectively, the Reporting Persons) on October 7, 2020 (as amended, the Schedule 13D) with respect to
shares of common stock, $0.001 par value per share (the Shares) of Garrett Motion Inc. (the Company). Capitalized terms used but not otherwise defined herein have the meanings set forth in the Schedule 13D.
Item 4.
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Purpose of Transaction
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On November 16, 2020, counsel representing the Equity Commitment Parties and Honeywell sent a letter (the November 16 Letter)
to the Companys counsel regarding potential modifications to the Proposed Plan contemplated by the Second A&R Coordination Agreement. The November 16 Letter is attached hereto as Exhibit 99.1 and incorporated herein by reference. The
Proposed Plan and any potential modifications thereto have not been approved by the Company and are subject to milestones and conditions that may not occur or be satisfied. As such, there is no assurance that the Proposed Plan will be completed on
the terms set forth in the Second A&R Coordination Agreement or the November 16 Letter, or at all.
Item 7.
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Materials to be Filed as Exhibits
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The following documents are filed as exhibits to this statement:
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Exhibit 99.1
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Letter dated November 16, 2020.
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CUSIP No. 366505105
Page 3 of 3 Pages
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 16, 2020
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CYRUS CAPITAL PARTNERS, L.P.
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By:
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Cyrus Capital Partners GP, L.L.C.,
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its general partner
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By:
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/s/ Stephen C. Freidheim
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Name:
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Stephen C. Freidheim
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Title:
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Sole Member/Manager
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CYRUS CAPITAL PARTNERS GP, L.L.C.
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By:
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/s/ Stephen C. Freidheim
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Name:
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Stephen C. Freidheim
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Title:
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Sole Member/Manager
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CYRUS CAPITAL ADVISORS, L.L.C.
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By:
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Cyrus Capital Partners GP, L.L.C.,
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its managing member
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By:
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/s/ Stephen C. Freidheim
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Name:
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Stephen C. Freidheim
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Title:
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Sole Member/Manager
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/s/ Stephen C. Freidheim
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STEPHEN C. FREIDHEIM
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