New Issue: Harley-Davidson prices $550 million 4.05% three-year notes at 165 bps over Treasuries

By Cristal Cody

Tupelo, Miss., Jan. 31 – Harley-Davidson Financial Services, Inc. priced $550 million of 4.05% senior medium-term notes due Feb. 5, 2022 (A3/BBB+/A) on Thursday at a spread of 165 basis points over Treasuries, according to a market source.

The notes priced on top of guidance.

J.P. Morgan Securities LLC, MUFG, U.S. Bancorp Investments, Inc. and Wells Fargo Securities LLC were the bookrunners.

The Chicago-based company is the financing arm of Harley-Davidson Inc.

Issuer:	Harley-Davidson Financial Services, Inc.
Amount:	$550 million
Description:	Senior medium-term notes
Maturity:	Feb. 5, 2022
Bookrunners:	J.P. Morgan Securities LLC, MUFG, U.S. Bancorp Investments, Inc. and Wells Fargo Securities LLC
Coupon:	4.05%
Spread:	Treasuries plus 165 bps
Trade date:	Jan. 31
Ratings:	Moody’s: A3
	S&P: BBB+
	Fitch: A
Price guidance:	Treasuries plus 165 bps area

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