on PIERER Mobility AG (isin : AT0000KTMI02)
PIERER Mobility AG Secures Financing for KTM Restructuring
PIERER Mobility AG has announced the successful securing of a financing package to support the restructuring of KTM AG and its subsidiaries. The restructuring plan, which affects KTM AG, KTM Components GmbH, and KTM Forschungs & Entwicklungs GmbH, involves a quota of 30% approved by creditors in February 2025. This quota, amounting to approximately EUR 600 million, is due by May 23, 2025.
The company confirmed that the necessary financing commitments have been received, pending the execution of requisite agreements. This ensures that the restructuring plans will be completed on time. PIERER Mobility AG's announcement emphasizes that this does not constitute a securities offer or a solicitation in certain jurisdictions.
R. E.
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