Garrett Motion Inc., along with its affiliates, filed a first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 22, 2021. As per the amended plan filed, secured tax claims will be paid full in cash, Prepetition Credit Agreement claims are changed to $1466.71 million and Senior Subordinated Noteholder claims are changed to €350 million, i.e. $424.39 million. GMI Common Stock 510(b) claims are removed from the plan.

Honeywell Plan claims will be paid through a payment of $375 million in cash and issuance of the Series B preferred stock. Section 510(b) claims will be paid though pro rata share of cash payments. There is no change in treatment of any other claim class.

Garrett Motion Inc., along with its affiliates, filed a revised first amended disclosure statement in the US Bankruptcy Court on January 27, 2021. As per the disclosure statement filed, there are no changes in the treatment of any claim class. Garrett Motion Inc., along with its affiliates, filed a further amended reorganization plan and related disclosure statement in the US Bankruptcy Court on February 15, 2021.

As per the plan filed, there are no changes in the treatment of any claim class. Garrett Motion Inc., along with its affiliates, filed a second revised first amended reorganization plan and related disclosure statement in the US Bankruptcy Court on March 9, 2021. As per the plan filed, existing common stock holders will receive its pro rata share of the subscription rights and either a number of shares of GMI common stock equal to the number of shares of existing common stock held by such holder or if such holder exercises its cash out option, its cash-out consideration.

There is no change in treatment of any other claim class. Garrett Motion Inc., along with its affiliates, filed a solicitation version of second revised first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on March 15, 2021. As per the amended plan filed, there is no change in treatment of any claim class.