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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 12/13/2010 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Private Placement Daily.

Harley-Davidson repurchases $297 million 15% senior notes due 2014

By Melissa Kory

Cleveland, Dec. 13 - Harley-Davidson, Inc. repurchased for cancellation $297 million of its 15% senior notes due Feb. 1, 2014.

The company repurchased the notes, held by Davis Selected Advisers, LP, on Dec. 10 for $380.8 million.

The company used cash on hand for the repurchase.

The repurchase is expected to reduce fourth-quarter 2010 earnings by about $82.7 million on a pre-tax basis.

The motorcycle company is based in Milwaukee.


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