New Agreements Aid H-D’s Lending Activities

Harley-Davidson, Inc. and its Harley-Davidson Financial Services (HDFS) subsidiary have finalized agreements that, in combination with other previously completed transactions, provide the approximately $1 billion in funding capacity that the company anticipates is needed this year for HDFS’ retail and wholesale lending activities.

HDFS increased the size of an existing $500 million asset-backed commercial paper conduit facility to up to $1.2 billion, and replaced a 364-day, $950 million bank credit facility expiring July 31, 2009 with a new 364-day, $625 million facility.

Both credit facilities expire April 29, 2010. Together, the two agreements provide additional available credit of up to approximately $375 million for the lending activities of HDFS.

- Submitted by Guido Ebert

 

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