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PIERER Mobility AG ( (CH:BMAG) ) has issued an announcement.
KTM AG, associated with Bajaj Mobility AG, has secured a €550 million unsecured refinancing loan from an international banking consortium to replace existing liabilities to Bajaj Auto International Holdings B.V. The five-year facility, priced in the low to mid single-digit interest range, follows last year’s €450 million shareholder loan that helped fund a restructuring plan.
The new financing completes KTM AG’s refinancing measures and is designed to strengthen its financial base, although it imposes market-standard restrictions on dividend distributions for the duration of the agreement. The larger, market-based loan underscores lenders’ confidence in KTM AG’s credit profile post-restructuring and is expected to provide greater balance sheet flexibility while temporarily limiting cash returns to shareholders.
The most recent analyst rating on (CH:BMAG) stock is a Hold with a CHF28.00 price target. To see the full list of analyst forecasts on PIERER Mobility AG stock, see the CH:BMAG Stock Forecast page.
More about PIERER Mobility AG
Bajaj Mobility AG, listed in Zurich and Vienna, is an Austrian holding company in the powered two-wheeler and mobility sector associated with KTM AG. The group focuses on motorcycles and related mobility solutions, operating globally through its brands and leveraging international financing and capital markets to support its operations and restructuring efforts.
Average Trading Volume: 4,445
Technical Sentiment Signal: Sell
Current Market Cap: CHF532M
Find detailed analytics on BMAG stock on TipRanks’ Stock Analysis page.