KTM Power Sports AG

EANS-Adhoc: KTM Power Sports AG
Long-term refunding for bond. Strategic funding concept implemented.

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Mattighofen - The KTM bond, which matured on May 11, 2009, has been repaid as planned with long-term funding provided by an Austrian bank syndicate. It was paid back as part of a strategic funding concept that also involves restructuring previous short-term liquidity lines into long-term credit lines.

KTM CEO Stefan Pierer says: "The Austrian banks have shown that they take their role seriously as partners to local industry. By implementing this concept, the KTM Group has secured the necessary funding in the long term in order to continue operating successfully in what are currently difficult market conditions and strengthening KTM's market position.

"Stefan Pierer's comments on the ongoing talks with the Province of Upper Austria: "We informed the local government about the refunding concept as early as possible and had highly constructive discussions about the possibilities for support from Upper Austria with a view to safeguarding jobs and the securing the area's economic future."


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ots Originaltext: KTM Power Sports AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
KTM Power Sports AG
Mag. Wilfried Stock
Tel.: +43(0)7742/6000-216

Branche: Technology
ISIN:      AT0000645403
Börsen:  Wien / official dealing

Weitere Meldungen: KTM Power Sports AG

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