Mumbai, Feb. 27 -- Bajaj Mobility AG, the holding company of KTM AG and part of the Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto, has announced that KTM has entered into a loan agreement with an international banking consortium to refinance its debt. The total volume of the facility is EUR 550 million.

The agreement completes the refinancing measures for KTM following its restructuring. The new funds will be used to settle an existing EUR 450 million loan provided by Bajaj Auto International Holdings B.V. in May 2025.

The financing is unsecured and carries a term of five years. Interest rates for the facility have been set in the low to mid-single-digit percentage range.

Under the conditions of the agreement, KTM i...