KTM fans can breathe a bit easier today, as the company has bought itself months of breathing room with a plan to repay more than half a billion euros before its restructuring plan is finalized.

KTM AG, the corporate structure that controls KTM, Husqvarna and GasGas, has been given a lifeline. After a much-publicized showdown in Austrian bankruptcy court today, KTM AG must start repayment of its creditors in part, with the potential for full repayment in the long term.

This step was legally binding before KTM AG could move forward with production under its restructuring plan (KTM AG’s parent company had its own day in court last week).

The deal is this. For now, KTM AG must repay €548M by May 23, 2025. This is 30 percent of the money KTM AG owes; perhaps more will be repayed in the future, but it seems that the debt is written off. The creditors may not be happy with this, but reports from Europe say they would only have received 15 percent repayment, half of what they’re actually scheduled to receive, if there had been no deal worked out.

Full Article: https://www.advrider.com/ktm-ag-gets-a-lifeline/