KTM secures €550M refinancing loan, pays back Bajaj emergency loan
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KTM just scored a €550 million refinancing loan from a group of international banks.
This big cash injection helps them pay back last year's emergency loan from Bajaj and keeps the iconic motorcycle brand rolling after a tough financial patch.
Pierer Mobility AG is now Bajaj Mobility AG
The new five-year loan comes with some limits on dividend payouts but offers manageable interest rates.
The former parent company, Pierer Mobility AG, has been rebranded as Bajaj Mobility AG, showing just how important that partnership has become.
With production back on track and new bikes like the 990 RC R Track hitting the scene, lenders seem confident in KTM's recovery ride.