KTM's creditors approve restructuring plan
548m euro KTM Creditor Plan Accepted: This is When Production Will Ramp up Again
To help kick start production, KTM is stated to be receiving a sum of 50 million euros from what the press release calls an “extended circle of shareholders”. The companies within that “extended circle” are not named, although CFMoto, Bajaj, FountainVest, and more recently BMW, have all been mentioned as lining up to invest.
Creditors of Austrian motorcycle maker KTM AG have approved a restructuring plan that will write off 70% of what they’re owed ...
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KTM Won't Die After All, But No One Knows Who Saved ItA mysterious party has, in part, saved the brand. It's been months of bad news for KTM. Insolvency. Layoffs. A year's worth ...
Yes, you heard that right – following a vote at the regional court in Ried im Innkreis, Upper Austria, KTM's creditors have ...
The former largest European motorcycle brand wants to resume production, which was halted in December. This is possible as ...
With debts at over €2 billion, KTM’s restructuring plan vowed to pay back 30% to creditors - initially within two years, but ...
KTM has now started the delivery for its 390 Adventure, the adventure tourer gets several first in segment features. Check ...
The plan involves additional financing from expanded shareholders, despite opposition from US hedge fund Whitebox Advisors.
KTM’s future is finally looking positive as creditors accept the brand’s restructuring plan to mitigate the debt woes ...
Customer deliveries of the new KTM 390 Adventure have commenced across India. One of the first bikes was delivered a few days ...
The investment will be either in the form of equity capital/preference capital/loan – convertible or otherwise in one or more tranches.
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