By Andrea Heisinger
New York, Nov. 19 - Harley-Davidson Funding Corp. priced $500 million of 5.75% five-year senior unsecured notes (Baa1/BBB/BBB+) on Thursday to yield Treasuries plus 362.5 basis points, a source away from the sale said.
Full terms were not available at press time.
The notes were sold under Rule 144A and Regulation S and are guaranteed by Harley-Davidson Credit Corp.
Bookrunners were BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and RBS Securities Inc.
Proceeds will go for general corporate purposes, including debt repayment.
The financing provider for motorcycle maker Harley-Davidson is based in Milwaukee.
| Issuer: | Harley-Davidson Funding Corp.
|
| Guarantor: | Harley Davidson Credit Corp.
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | Dec. 15, 2014
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBS Securities Inc.
|
| Coupon: | 5.75%
|
| Spread: | Treasuries plus 362.5 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | Nov. 19
|
| Settlement date: | Nov. 24
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
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