- 11.05.2009, 16:47:57
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- OTE0010
EANS-Adhoc: KTM Power Sports AG / Long-term refunding for bond. Strategic funding concept implemented.
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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11.05.2009
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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Further inquiry note:
KTM Power Sports AG
Mag. Wilfried Stock
Tel.: +43(0)7742/6000-216
mailto:wilfried.stock@ktm.com
end of announcement euro adhoc
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emitter: KTM Power Sports AG
Stallhofnerstraße 3
A-5230 Mattighofen
phone: +43(0)7742/6000-0
FAX: +43(0)7742/6000-5216
mail: ir@ktmpowersports.com
WWW: www.ktm.com
sector: Technology
ISIN: AT0000645403
indexes:
stockmarkets: official dealing: Wien
language: English
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