ROLLE, Switzerland–(BUSINESS WIRE)–Garrett Motion Inc. (Garrett) today announced it has emerged from its pending Chapter 11 cases, successfully completing the restructuring process and implementing the Plan of Reorganization (Plan) that was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on April 23, 2021. With the support of a significant majority of its stakeholders, led by funds managed by Centerbridge Partners, L.P. (Centerbridge) and funds managed by Oaktree Capital Management, L.P. (Oaktree), Garrett will remain a publicly traded company and expects to list its common stock on Nasdaq, effective May 3, 2021, under the ticker symbol GTX.
Olivier Rabiller, President and Chief Executive Officer of Garret…
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