KTM creditors file claims of €2.2 billion in court hearing

Kronen Zeitung

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While a slight sense of optimism was spread on Friday during creditors' meetings about the bankruptcy of KTM and its subsidiaries, there is apparently also resistance to the restructuring plans of the insolvent Upper Austrian motorcycle manufacturer. A group of creditors wants more money back, is resisting the planned restructuring and, according to financial news agency Bloomberg, is proposing its own plan for better creditor prospects.

vienna.at

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Resistance Against KTM Restructuring Plan

At the creditors' meeting surrounding the bankruptcy of KTM and its subsidiaries on Friday, there seemed to be a certain optimism. However, there appear to be objections to the previous restructuring plan of the insolvent motorcycle manufacturer from Upper Austria.

Kurier

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There are plans under the leadership of US hedge funds to provide more than the minimum required 30 percent quota.

vol.at

Salzburger Nachrichten

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Salzburger Nachrichten

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While slight optimism was spread on Friday in the course of creditor meetings surrounding the bankruptcy of KTM and subsidiaries, there is apparently also opposition to the bankrupt Upper Austrian motorcycle manufacturer's restructuring plans so far. A group of lenders want more money back, is fighting back against the planned restructuring and is proposing their own plan for better creditor prospects, writes financial news agency Bloomberg.

nachrichten.at

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RIED. Creditors view Pierer's partial withdrawal positively. Production starts on March 17. Chances of continuation improved

Speedcafe

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KTM creditors reveal whopping $3.6 billion debt

Claims totalling $3.6 billion (2.18 billion EUR) have been filed against KTM AG and two of its subsidiaries this week in Austria. - Australia's #1 motorsport news website