How the Debt Overhaul of Motorbike Maker KTM Became a Debacle
The restructuring of the Austrian motorbike maker shows the perils of getting stuck in an unfamiliar jurisdiction
An employee at work on a KTM motorbike in a facility in Mattighofen, Austria, in 2019.
Photographer: Michaela Handrek-Rehle/BloombergThis article is for subscribers only.
Welcome to The Brink. I’m Libby Cherry, a reporter in Frankfurt, where I followed creditors struggling to recoup their investments in insolvent Austrian companies. We also have news on Rite Aid, Indonesia’s Garuda and US distress. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
30 cents on the euro or liquidation. Deal or no deal.