KTM has confirmed on T🀅uesd🐷ay that it has secured the necessary funding to pay its debt quota by the end of this week.

The Austrian manufacturer has been navigating its way through a financial crisis since l✱ate last year, which forced it into self-administration and to undertake a restructuring proc♔ess.

In the ensuing months over the winter, KTM was forced to layoff staff, place a temporarඣy pause on bike production, restructure its board of directors and sell off shares in various investments iꦿt had made - including in MV Agusta.

In February, it won⛎ a m💛ajor regional court victory when its restructuring process was approved by creditors.

This deal sees KTM repay 30% of its ♑over €2 billion debts, which amounts to around €600 million, by 23 May 2🦩025.

KTM announce major deal after financial problems

While KTM h🐼ad numerous companies express interest in pledging investment, until recently it was facing a race against time to secure the funding it needed.

168澳洲幸运5官方开奖结果历史:A r🦄eport in Indian media ea𒊎rlier this week stated that major sharehol༒der Bajaj Auto had taken out a loan of €566 million which was to be used to pay off KTM’s debts.

Bajaj Auto released a statement on Monday that didn’t denꦐy these reports, though remained tight-lipped on what the loan - approved by various banks - was for.

A statemꦕent released by KTM in the early hours of Tuesday morning confirmed it had secured the funding it needed, though did✨ not state that Bajaj Auto was directly involved.

Ho🅺wever, it appears that KTM management is electing to remain quiet on this until everything has been ceꦐrtified and the debt money transferred to the restructuring administrator.

The statemꦛent from KTM read: “As announced, the creditors of KTM AG, KTM Components GmbH and KTM Forschungs & Entwicklungs GmbH approved a restructuring plan quota of 30% on February 25, 2025, payable by May 23, 2025.

“The total a🔜mount required to finance the𝔉 quota under the three restructuring plans amounts to approx. EUR 600 million.

“PIERER Mobility AG and KTM AG have received financing commitments, subject to the execution of the requisite agreements, which will ensure that the quota payments to fulfil the restructuring plans of KTM AG, KTM Components GmbH and KTM Forᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚschungs- & Entwicklungs GmbH can be fulfilled on time by May 23, 2025.”

In recent days, KTM’s 🦄share value has increased in a sign of confid𝓀ence in the brand’s immediate future.

It is likely that Bajaj Auto will have a greater inf𒁏luence in 🌄KTM going forward from its investment.

Currentl💃y, KTM is owned by Pierer Mobility AG, which in turn is 74.18% owned by Pierer Bajaj AG, while Bajaj Auto holds a 49.9% stake in Pierer Bajaj.

Despite the positive outlook for KTM’s immed♏iate future, it remains 💝to be seen how this will affect the brand’s MotoGP project.

Late last year, an initial court hearing revealed that a “planned” withdrawal from MotoGP was laid out for KTM under cost-saving measures.

However, in January, KTM motorsport boss Pit Beirer reassured the media of the parent company’s commitmen🃏t to rac༺ing and confirmed plans were already in the offing for the 2027 MotoGP rules reset.