KTM before rescue: 600 million euros secured financing commitment!

KTM before rescue: 600 million euros secured financing commitment!

KTM, the well -known motorcycle manufacturer, has determined a financing requirement of around 600 million euros with a comprehensive renovation plan in order to cope with the bankruptcy of its divisions. In a recent message from leadersnet it was announced that the parent company Pierer Mobility has now secured financing. This is a positive step towards the stability of the company, which includes both KTM AG and KTM Components GmbH and KTM Research & Development GmbH.

The deadline to ensure the necessary financing falls on May 23, and the funds must be received in the trustee Peter Vogl's trust account by this date. In the event of non -fulfillment, the company could get into a serious financial situation, which would also significantly burden the creditors. According to Kurier have already registered 3,850 believers of around 2.2 billion euros of it were.

financing by Bajaj and banks

An essential part of the financing comes from Bajaj Auto Limited, the majority owner of Pierer Mobility, who has already made around 200 million euros available. In addition, a secured loan of $ 566 million was recorded with renowned banks such as JP Morgan Chase, DBS and Citigroup, which has a term of one year. The financial support on the part of Bajaj is so diuttig that industry experts speculate whether there is an interest in a majority of KTM or Pierer Mobility, such as the Kurier reported.

The renovation recent Peter Vogl has confirmed the promise to pay the renovation plan rate, which is 30 percent. This is expected to be transferred to the creditors in the second half of the Juni. Gerhard Weinhofer from Creditreform emphasizes the importance of the timely deposit to ensure a smooth renovation process.

effects of bankruptcy

The bankruptcy of KTM is one of the largest corporate insolvencies in Austrian economic history, with enormous effects on the approximately 1,200 suppliers of the company. Despite the high number of creditors, despite these difficulties, there is hope that KTM can be made for the future due to the debt section. Production in Mattighofen is currently quiet, which is due to a lack of components. However, the resumption of production is planned for August 2025. In the meantime, the high inventory of motorcycles is sold.

In the context of corporate insolvencies in Europe, it turns out that in 2024 in Germany 21,812 companies have already filed for bankruptcy, which represents an increase of 22.4% compared to the previous year. Current and earlier crises contribute to this worrying development, such as the statistics of the ifm bonn . These overarching trends illustrate volatility within many industries, with insolvencies a common, albeit unfortunate form of company closure.

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OrtMattighofen, Österreich
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