By Cristal Cody
Tupelo, Miss., Nov. 26 – Harley-Davidson Financial Services, Inc. priced $450 million of senior medium-term floating-rate notes due March 2, 2021 (A3/BBB+/A) on Monday at Libor plus 94 basis points, according to a market source.
The deal was upsized from $350 million.
The notes were initially talked to price in the Libor plus 120 bps area.
Citigroup Global Markets Inc., Lloyds Securities Inc. and Mizuho Securities USA 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: | $450 million
|
| Description: | Senior medium-term floating-rate notes
|
| Maturity: | March 2, 2021
|
| Bookrunners: | Citigroup Global Markets Inc., Lloyds Securities Inc. and Mizuho Securities USA LLC
|
| Coupon: | Libor plus 94 bps
|
| Trade date: | Nov. 26
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Libor plus 120 bps area
|
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