By Aleesia Forni
New York, Jan. 11 – Harley-Davidson Financial Services Inc., a subsidiary of Harley-Davidson Inc., priced $1.2 billion of senior notes in two parts, according to a source away from the trade and an 8-K filed with the Securities and Exchange Commission.
There was $600 million of 2.25% notes due Jan. 15, 2019 that priced at Treasuries plus 95 basis points.
Bookrunners were J.P. Morgan Securities LLC, Mizuho Securities, U.S. Bancorp Investments Inc. and Williams Capital Group LP.
Also, $600 million of 2.85% notes due Jan. 15, 2021 sold at Treasuries plus 115 bps.
Citigroup Global Markets Inc., JPMorgan and Wells Fargo Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The Milwaukee-based company designs, manufactures and sells motorcycles.
| Issuer: | Harley-Davidson Financial Services Inc.
|
| Guarantors: | Harley-Davidson Credit Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.2 billion
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 8
|
| Ratings: | Moody’s: A3
|
| Standard & Poor’s: A
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Three-year notes
|
| Amount: | $600 million
|
| Maturity: | Jan. 15, 2019
|
| Bookrunners: | J.P. Morgan Securities LLC, Mizuho Securities, U.S. Bancorp Investments Inc., Williams Capital Group LP
|
| Coupon: | 2.25%
|
| Spread: | Treasuries plus 95 bps
|
|
|
| Five-year notes
|
| Amount: | $600 million
|
| Maturity: | Jan. 15, 2021
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC
|
| Coupon: | 2.85%
|
| Spread: | Treasuries plus 115 bps
|
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