Deadline in court
KTM
The battle to rescue the group around motorcycle manufacturer KTM does not take a break even around Christmas and the turn of the year: On Friday, December 27, Pierer Industrie AG must present its restructuring plan as part of the European restructuring proceedings. This involves bonds and promissory note loans amounting to 247.5 million euros.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen One week after the regional court in Ried im Innkreis gave the green light for the continuation of the insolvent KTM AG, KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH, Stefan Pierer's motorcycle manufacturer group has another important deadline on Friday, December 27, in the battle for the future and the rescue of the KTM Group. Pierer Industrie AG has until Friday to submit a restructuring plan to the regional court in Wels.
Proceedings filed to avoid insolvency
Pierer Industrie AG, which includes Pierer Mobility AG (which in turn includes KTM AG) and Pankl AG, is involved in European restructuring proceedings. This was applied for in order to avoid insolvency.
The goal: later repayment dates
Specifically, these proceedings are about Pierer Industrie AG wanting later dates for the repayment of the full capital amount of two bonds (total: 115 million euros) and two promissory note loans (total: 132.5 million euros).
According to Pierer Industrie AG, interest will be paid as agreed. The bondholders are represented by Gregor Royer.
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