KTM’s creditors approve restructuring plan as company’s future is secured

KTM’s creditors have approved the company’s restructuring plan following a vote at the regional court in Ried im Innkreis in Upper Austria on Tuesday.
Claims totalling 2.25 billion euros were presented at the court, out of which debt worth two billion euros was recognised.
KTM’s restructuring plan provided for a cash quote of 30%, amounting to around 600 million euros, which is to be …Keep reading