Latest news with #debtFunding
Bloomberg
22-05-2025
- Automotive
- Bloomberg
India's Bajaj Auto to Take Control of KTM With €800 Million Loan
Indian motorbike maker Bajaj Auto Ltd. plans to acquire a controlling stake in cash-strapped KTM AG and has lined up a debt funding package of as much as €800 million ($907 million) that will save the Austrian company from bankruptcy. Bajaj Auto has already infused €200 million of debt support in the maker of MotoGP bikes, and will deploy the remaining amount ahead of a deadline to repay creditors, it said in a filing to exchanges in Mumbai Thursday. The funding package includes a €450 million secured term loan to KTM and €150 million in convertible bonds issued by parent Pierer Bajaj AG.
Bloomberg
22-05-2025
- Business
- Bloomberg
Private Equity Deal Rush Shows Lenders Are Losing Their Star Billing
As one of the world's largest sovereign wealth funds warned this week that private equity is ' very troubled ' right now, a spate of recent buyout deals in Europe and the US points to a possible route out of the mire: The deep shift in how much debt this industry uses to fund its takeovers. KKR & Co. has been busily dealmaking despite the gloom around President Donald Trump's tariff upheavals, snapping up a couple of Swedish health specialists in the process. Fellow private equity firm Thoma Bravo, meanwhile, has pulled together one of the year's biggest buyouts with the $10.6 billion purchase of Boeing Co.'s Jeppesen navigation unit and other assets.
