Item 1. Security and Issuer.
This Amendment No. 2 amends the Schedule 13D filed on October 29, 2020 (the “Original Schedule 13D” and, as amended by Amendment No. 1 to
Schedule 13D filed on November 3, 2020 and this Amendment No. 2, the “Schedule 13D”). This statement of beneficial ownership on Schedule 13D relates to the shares of common stock, $0.001 par value per share (the “Shares”), of
Garrett Motion Inc., a Delaware corporation (the “Company”). According to the Company, the address of its principal executive office is La Pièce 16, Rolle, Switzerland 1180. Unless specifically amended hereby, the disclosures set
forth in the Original Schedule 13D remain unchanged. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Original Schedule 13D filed on October 29, 2020.
Item 3. Source and Amount of Funds or Other Consideration.
From November 4 to November 13, 2020, the Reporting Person invested approximately $1,919,297 to purchase additional 461,567 Shares. In total, the Reporting
Person invested approximately $10,935,911 to purchase 2,877,116 Shares. The Reporting Person used cash on hand to fund such purchases. No borrowed funds were used to purchase the Shares.
Item 4. Purpose of Transaction.
Item 4 of the
Original Schedule 13D is hereby amended as follows:
On November 16, 2020, counsel representing the Equity Commitment Parties and the Reporting Person
sent a letter (the “November 16 Letter”) to the Company’s 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 5. Interest in Securities of the Issuer.
(a) The responses to Items 7-13 of the cover pages of this Schedule 13D are incorporated by reference
herein.
(b) The responses to Items 7-13 of the cover pages of this Schedule 13D are incorporated
by reference herein.
(c) The information set forth in response to Item 3 is incorporated by reference herein. During the past 60 days, the
Reporting Person has not effected any transactions in the Shares, except as set forth on Schedule A hereto.
(d) No other person has the
right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares set forth above.
(e)
Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The information set forth in Item 4 is incorporated by reference into this Item 6.