The future of KTM AG is now safeguarded, following the restructuring plan approved this past February – making it possible to pay the €600 million owed to creditors.
The Austrian company, along with KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH, must settle 30% of the debt by May 23 – next Friday.
In a statement, Pierer Mobility AG and KTM AG announced that they ‘have received financing commitments, subject to the execution of the requisite agreements, which will ensure that the quota payments to fulfill the restructuring plans […] can be fulfilled on time by May 23, 2025’.
The origin of the funds has not been officially disclosed. However, according to the NDTV Profit website, €566 million is coming from Bajaj – one of KTM AG’s largest shareholders and partners. The loan guarantees will come from US Bank, JP Morgan Chase, DBS Bank Singapore, and Citigroup.
