By Cristal Cody
Tupelo, Miss., Feb. 6 – Harley-Davidson Financial Services, Inc. priced $350 million of 3.35% five-year senior medium-term notes (A3/A-/A) on Tuesday at a spread of 87.5 basis points over Treasuries, according to a market source.
The notes were talked to price in the Treasuries plus 90 bps area.
J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities, LLC 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: | $350 million
|
| Description: | Senior medium-term notes
|
| Maturity: | Feb. 15, 2023
|
| Bookrunners: | J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities, LLC
|
| Coupon: | 3.35%
|
| Spread: | Treasuries plus 87.5 bps
|
| Trade date: | Feb. 6
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Treasuries plus 90 bps area
|
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