KTM Creditor Accusing Brand Of Rail-Roading Restructuring, Could Cause Collapse

Kurier

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The motorcycle manufacturer significantly improves its offer to the creditors. If you assume about 1.8 billion euros of debt, the quota will be due for 540 million euros.

Hedgeweek

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Activist Whitebox challenges KTM debt restructuring plan

US activist hedge fund Whitebox Advisors has intensified its opposition to the debt restructuring plan proposed by Austrian motorcycle maker KTM AG, accusing the company of employing “delaying tactics” to sideline its alternative proposal, according to a report by Bloomberg. The dispute comes as creditors prepare to vote on KTM’s plan on 25 February, a critical step for the company following its insolvency filing in November. Whitebox, a credito…

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KTM Creditor Accusing Brand Of Rail-Roading Restructuring, Could Cause Collapse

Whitebox LLC, one of KTM's many creditors, has accused the company of delaying considering a restructuring proposal it set forth months ago. KTM didn't respond.

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Major Creditor Clashes With KTM Ahead Of Crucial Restructuring Vote

KTM AG is facing pushback from a major U.S. creditor as it heads toward a crucial debt restructuring vote on February 25th. The issue centers on American hedge fund Whitebox Advisors LLC, which holds KTM’s Schuldschein promissory notes and has accused the Austrian manufacturer of using “delaying tactics” to avoid negotiations over its alternative proposal. […] The post Major Creditor Clashes With KTM Ahead Of Crucial Restructuring Vote appeared …