By Andrea Heisinger
New York, Nov. 20 - Harley-Davidson Funding Corp. gave terms on Friday for its $500 million of 5.75% five-year senior unsecured notes that priced on Thursday at Treasuries plus 362.5 basis points, an informed source said.
The notes (Baa1/BBB/BBB+) priced at 99.839 to yield 5.786%. There is a make-whole call at Treasuries plus 50 bps.
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%
|
| Price: | 99.839
|
| Yield: | 5.786%
|
| Spread: | Treasuries plus 362.5 bps
|
| Call: | Make-whole at Treasuries plus 50 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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