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Harley-Davidson Financial Services Announces Redemption of Outstanding Notes

In a significant move for the financial sector, Harley-Davidson Financial Services, Inc. (HDFS), a key subsidiary of Harley-Davidson, Inc. (NYSE: HOG), has officially announced the full redemption of its €700 million guaranteed notes, which are set to mature in 2026. The announcement was made public today, signaling an important step in the company's financial maneuvering as it looks to optimize its balance sheet and manage its financial obligations effectively.

As stated in the press release, the redemption date is officially set for March 15, 2026. HDFS will redeem the notes at 100% of the nominal amount, along with any accrued and unpaid interest up until the redemption date. This approach reflects a commitment to ensuring financial health and delivering value to stakeholders, especially in a competitive market where efficient financial management is paramount.

To facilitate this redemption, Harley-Davidson Financial Services plans to utilize its available cash and cash equivalents. This decision highlights the company’s robust financial position, as it underscores their capability to meet significant obligations without the need for additional financing or encumbrances. The management team at HDFS believes that this strategic redemption will help streamline their liabilities and enhance liquidity, which is crucial for future investments and operational scalability.

Furthermore, in relation to the redemption, HDFS is set to request the withdrawal of the notes from the Official List of the Irish Stock Exchange, trading as Euronext Dublin. This cancellation will also extend to their trading admission on the Global Exchange Market of Euronext Dublin. Such an action not only simplifies their financial instruments but also aligns their portfolio more closely with their strategic objectives moving forward.

The company has emphasized that this announcement itself does not serve as the official notice for the full redemption of the notes. Interested parties seeking detailed information regarding the redemption process can obtain further documentation from Citibank, N.A., London Branch, which serves as the fiscal and transfer agent for the notes.

About Harley-Davidson Financial Services

Harley-Davidson Financial Services, Inc. operates out of Delaware and plays a crucial role in financing and servicing wholesale inventory receivables and retail consumer loans, primarily aimed at facilitating the purchase of Harley-Davidson® and LiveWire® motorcycles. Additionally, HDFS collaborates with a network of third-party providers to offer motorcycle insurance and related voluntary protection products for motorcycle owners. The firm’s business operations extend significantly across the United States and Canada, catering to Harley-Davidson dealers and retail customers within various global markets including Europe, the Middle East, Africa, Asia Pacific, and Latin America.

This redemption move is considered part of HDFS's broader strategy to remain agile in the dynamic motorcycle industry landscape, ensuring they provide the best financial services to their customers while effectively managing their financial commitments. Stakeholders and customers alike are keenly watching how this decision will evolve and impact the company's future performance as they strive to maintain Harley-Davidson's legacy of strength and resilience in the market.

In conclusion, Harley-Davidson Financial Services' notice for the redemption of its outstanding notes signifies not only a pivotal moment for the company but also an indication of their continued commitment to solid financial practices, thereby ensuring positive outcomes for their stakeholders in the foreseeable future.