By Cristal Cody
Tupelo, Miss., March 7 – Harley-Davidson Financial Services, Inc. priced $500 million of senior medium-term notes (A3/A-/A) in two tranches on Tuesday, according to a market source.
The company sold $150 million of two-year floating-rate notes at Libor plus 35 basis points.
Harley-Davidson Financial Services priced $350 million of 2.4% three-year fixed-rate notes at a spread of 80 bps over Treasuries.
Barclays, Citigroup Global Markets Inc. and Goldman Sachs & Co. were the bookrunners.
Proceeds will be used for general corporate purposes.
The Chicago-based company is the financing arm of Harley-Davidson Inc.
| Issuer: | Harley-Davidson Financial Services, Inc.
|
| Amount: | $500 million
|
| Description: | Senior medium-term notes
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc. and Goldman Sachs & Co.
|
| Trade date: | March 7
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A
|
|
|
| Floaters due 2019
|
| Amount: | $150 million
|
| Maturity: | March 8, 2019
|
| Coupon: | Libor plus 35 bps
|
| Price guidance: | Libor plus 40 bps area, plus or minus 5 bps
|
|
|
| Notes due 2020
|
| Amount: | $350 million
|
| Maturity: | June 15, 2020
|
| Coupon: | 2.4%
|
| Spread: | Treasuries plus 80 bps
|
| Price guidance: | Treasuries plus 80 bps area
|
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