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RSS FeedsGarrett Motion Provides Update on the Impact of COVID-19
(WorldNews Switzerland)

 
 

7 april 2020 15:16:32

 
Garrett Motion Provides Update on the Impact of COVID-19
(WorldNews Switzerland)
 


Withdraws Full Year 2020 Guidance ROLLE, Switzerland--(BUSINESS WIRE)-- Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it has taken additional actions to confront the coronavirus pandemic. On April 6, 2020, the Company fully drew the remaining funds available under its revolving credit facility of approximately $470 million to increase its financial flexibility in the current environment. With the additional funds, Garrett has supplemented its cash position, which totaled approximately $250 million as of March 31, 2020, including a draw down on the revolver of...


 
68 viewsCategory: General > Europe > Switzerland
 
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(WorldNews Switzerland)
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