EQS-News: KTM AG / Key word(s): Financing
KTM AG prepares for resumption of production
18.02.2025 / 14:31 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Corporate News
Mattighofen, 18. Februar 2025
KTM AG prepares for resumption of production
As already communicated on February 12, 2025, KTM AG intends to resume
production at the Austrian sites in the near future (starting mid-March
2025). Financial resources of EUR 150 million are required in the short
term for the resumption of production operations.
The ownership sphere of KTM AG is working on this and is in advanced
discussions to provide the necessary liquidity in the amount of EUR 150
million to enable the start up. However, this is contingent upon the
approval of the presented restructuring plan with a quota of 30%, payable
by the end of May 2025, at the restructuring plan meeting on February 25,
2025.
The restructuring administrator Peter Vogl explains: "If the restructuring
plan is rejected, bankruptcy will be the result." Furthermore, Vogl
forecasts a dismantling quota of 14.9% for this case and points out
various opportunities and risks resulting from the dismantling of the
entire group in the event of bankruptcy. Based on this forecast Vogl adds:
“In view of this dismantling quota, the restructuring plan ratio of 30%
offered by KTM AG can be considered appropriate.”
The hearing to vote on the restructuring plan will take place on February
25, 2025 before the Regional Court of Ried im Innkreis.
Contact Corporate Communications:
KTM AG
Tel: +43 7742 6000 0
Email: (1)communications@ktm.com
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18.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: KTM AG
Stallhofnerstrasse 3
5230 Mattighofen
Austria
EQS News ID: 2088063
End of News EQS News Service
2088063 18.02.2025 CET/CEST
References
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1. mailto:communications@ktm.com
