By Cristal Cody
Tupelo, Miss., June 6 – Harley-Davidson Financial Services, Inc. priced $400 million of 2.55% five-year senior medium-term notes (A3/A-/A) on Tuesday at a spread of 88 basis points over Treasuries, according to a market source.
The notes were talked to price in the Treasuries plus 90 bps area, plus or minus 2 bps.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG and U.S. Bancorp Investments Inc. 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: | $400 million
|
| Description: | Senior medium-term notes
|
| Maturity: | June 9, 2022
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG and U.S. Bancorp Investments Inc.
|
| Coupon: | 2.55%
|
| Spread: | Treasuries plus 88 bps
|
| Trade date: | June 6
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A
|
| Price guidance: | Treasuries plus 90 bps area, plus or minus 2 bps
|
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