KTM AG Enhances Restructuring Strategy Amid Financial Challenges

KTM AG has announced an enhancement to its restructuring plan, following discussions with its creditors' committee on February 10, 2025. The revised plan proposes a "cash quota" of 30% for creditors, which will be available by mid-April 2025. This restructuring effort aims to secure the necessary financial support to resume production by the end of February and to ensure funding for creditors by the end of March 2025.

Crucially, the financing for these initiatives will involve contributions from current owners, prospective new investors, and financial institutions. Peter Vogl, the restructuring administrator, highlighted the significance of this plan compared to the potential 15% quota in bankruptcy proceedings. Conversely, an alternative offer from Whitebox Advisors LLC, although promising, fails to align with Austrian law and necessitates additional creditor concessions.