Preferred Stock Channel
Garrett Motion Inc | 11% Series A Cumulative Convertible Preferred Stock (GTXAP)

Prospectus excerpt:  Garrett Motion Inc. 11% Series A Cumulative Convertible Preferred Stock, liquidation preference $5.25 per share, redeemable at the issuer's option on or after 04/30/2027 at $5.25 per share plus accrued and unpaid dividends, and with no stated maturity. The preferred shares are convertible at any time at the holder's option into common shares of (NGS:GTX), an initial conversion price of $5.25 per common share.

Full Prospectus PDF », Secondary Prospectus PDF », GTX Page »

Series:A
Redeemable?:Yes
Call Date:4/30/2023 (Now Trading Post Call Date)
Maturity Date:4/30/2023
Cumulative?:Yes
Conversion Price:$5.25
Liquidation Preference:$5.25
Original Coupon:11.00%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
CDx3 Compliance Rating: Learn GTXAP's Rating
Garrett Motion is a holding company. Through its subsidiaries, Co. designs, manufactures and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers (OEMs) and the global vehicle independent aftermarket as well as automotive software solutions. These OEMs, in turn, ship to consumers globally. Co. is engaged in delivering products for internal combustion engines using gasoline, diesel, natural gas and electrified powertrains (hybrid and fuel cell). Additionally, Co. is in the development stage of turbochargers for internal combustion engines using producing hydrogen as fuel.

Preferred: GTXAP


Open the GTX Information Page »
Name:  Garrett Motion Inc
Website:  www.garrettmotion.com
Sector:  Auto Parts
Number of ETFs Holding GTX:  15 (see which ones)
Total Market Value Held by ETFs:  $37,218,721.8
Total Market Capitalization:  $2,120,000,000
% of Market Cap. Held by ETFs:  1.76%

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