KTM's creditors approve restructuring plan

Pierer Mobility shares halted after KTM restructuring plan approved
Shares in Pierer Mobility AG were halted from trading on Tuesday after being seen up 16.7% in response to the reorganization plan for the company's subsidiary KTM AG being accepted by creditors.
KTM to restart production after securing creditor approval for €548m restructuring plan
Read the latest update from KTM's ongoing financial uncertainty, including approval for a €548m restructuring plan, here with MCN.
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.
EQS-News: PIERER Mobility: Back on track - KTM AG reorganization plan accepted by creditors
KTM AG, a wholly owned subsidiary of PIERER Mobility AG, filed for court restructuring proceedings with self-administration on November 29, 2024. The aim of the proceedings was to agree a restructuring plan with the creditors within 90 days.
KTM Avoids Bankruptcy and Alleged BMW Takeover With Restructuring Plan
KTM owes nearly $2 billion, which isn’t something creditors are just going to forget about because of restructuring. To keep them happy, the Austrian bike maker needs to pay 30% of its outstanding claims in one lump sum of $575 million by May 23,
KTM's creditors approve restructuring plan as company's future is secured
Positive news for KTM ahead of start of the new MotoGP season in Thailand as creditors agree to the 30% cash quota
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