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Published on 2/10/2022 in the Prospect News Investment Grade Daily.

New Issue: Harley-Davidson Financial sells $500 million 3.05% five-year notes at 130 bps spread

By Marisa Wong and Cristal Cody

Los Angeles, Feb. 10 – Harley-Davidson Financial Services Inc. sold $500 million of 3.05% five-year notes on Wednesday at Treasuries plus 130 basis points, according to a market source.

Initial price talk was in the Treasuries plus 145 bps area.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Siebert Williams Shank & Co. LLC and U.S. Bancorp Investments Inc. were the bookrunners.

The financial services company is a subsidiary of Milwaukee-based motorcycle manufacturer Harley-Davidson, Inc.

Issuer:Harley-Davidson Financial Services Inc.
Amount:$500 million
Issue:Notes
Maturity:Feb. 14, 2027
Bookrunners:Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Siebert Williams Shank & Co. LLC and U.S. Bancorp Investments Inc.
Coupon:3.05%
Spread:Treasuries plus 130 bps
Pricing date:Feb. 9
Initial price talk:Treasuries plus 145 bps

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