Vienna, 27 February 2025: In the current reorganisation steps of KTM AG by a large restructuring team Fellner Wratzfeld & Partner Rechtsanwälte GmbH (fwp) has advised the banks. At the reorganisation plan hearing on 25 February 2025 the team represented creditors representing claims amounting to a total of some EUR 1.2 billion. Before the reorganisation plan hearing a negotiation marathon had taken place to continue the financing of KTM AG, which, on the lawyers' side, had mainly been led by the fwp.TEAM headed by Markus Fellner.

At the reorganisation plan hearing of KTM, which has run into financial distress, at Regional Court Ried im Innkreis on 25 February 2025 the reorganisation plan was agreed. The creditors accepted the reorganisation plan by a clear majority, thus taking a decisive step towards securing the future of the Austrian company. The reorganisation plan provides for payment of a 30% cash dividend to the creditors by 23 May 2025. In order to finance the reorganisation plan and ensure continuation of the company additional funds of EUR 750 million must be raised in total.

Before the court hearing, numerous constructive meetings had been held with the stakeholders involved to develop a sustainable solution for KTM to be able to continue as a going concern. In those negotiations the financing banks had taken the lead and agreed to make a substantial contribution to stabilisation of the company.

Successful acceptance of the reorganisation plan underlines the constructive negotiations of all parties involved and shows the crucial importance of expert legal advice in complex restructuring cases. "Acceptance of the reorganisation plan constitutes an important foundation for KTM's future. We are proud of having represented the financing banks in this challenging process and that our legal expertise contributed to successful implementation of the same," says fwp partner Markus Fellner.

In the past few months, fwp's restructuring team has successfully advised a number of restructuring proceedings of listed companies both on the banks' side and on the shareholders' side. Exceptional results were achieved, above all in out-of-court reorganisations.

The fwp advisory team

• Markus Fellner (fwp partner)
• Paul Luiki (fwp partner)
• Florian Kranebitter (fwp partner)
• Florian Henöckl (fwp attorney)
• Elisabeth Fischer-Schwarz (fwp attorney)
• Marie Müller (fwp associate)
• Petra Ungerböck (fwp associate)
• Manuel Schweiger (fwp associate)
• Sebastian Kremnitzer (fwp associate)
• Maximilian Heinz (fwp associate)
• Philipp Reisch (fwp associate)
• Denise Retegan (fwp associate)