Harley-Davidson Financial Services Initiates Tender Offers for Medium-Term Notes

Harley-Davidson Financial Services Launches Tender Offers for Medium-Term Notes

Harley-Davidson Financial Services, Inc. (HDFS), a proud subsidiary of Harley-Davidson, Inc., made headlines today by announcing the start of tender offers aimed at repurchasing all outstanding medium-term notes. This strategic move includes the 6.500% Medium-Term Notes due in 2028 and the 5.950% Medium-Term Notes due in 2029.

Financial Details of the Tender Offers

As outlined in the Offer to Purchase dated November 17, 2025, HDFS intends to acquire these financial instruments at a premium, enhancing their cash flow and overall financial health. The updates show a notable commitment to financial management by buying back up to $700 million of the 6.500% Medium-Term Notes and $500 million of the 5.950% Medium-Term Notes.

The offers will be open until 5:00 PM New York City time on November 21, 2025, unless HDFS decides to extend or terminate the offer. Validly tendered notes can also be withdrawn following specific procedures outlined in the Offer. Upon acquiring the Validly Tendered Notes, HDFS is expected to finalize the purchases on November 24, 2025, ensuring a rapid move towards optimizing its balance sheet.

Implications for Investors

Investors holding these notes will receive consideration based on a fixed spread in relation to the U.S. Treasury Reference Security and the yield to maturity. Furthermore, accrued interest from the last payment made on the notes will also be compensated. This offer is seen as an important lever in managing potential financial risks and fortifying Harley-Davidson's credit profile.

Craig L. Johnson, the Chief Financial Officer of Harley-Davidson, stated, "This proactive approach not only solidifies our standing in the capital markets but also emphasizes our commitment to maximizing value for our stakeholders through prudent financial strategies."

Future Prospects

Looking ahead, the decision to initiate these tender offers showcases HDFS's commitment to optimizing financial resources, especially in the light of fluctuating interest rates and the broader economic environment. With strategic maneuvers such as these, Harley-Davidson is positioning itself to better respond to market volatility and shifts in consumer behaviors in the motorcycle industry.

About Harley-Davidson Financial Services

HDFS has consistently played a vital role within the Harley-Davidson ecosystem by providing financing solutions for both retail customers and dealers, focusing primarily on motorcycle purchases. The company not only facilitates loans but also offers insurance products, creating a comprehensive suite of services for motorcycle enthusiasts. The financing operations mainly cater to customers located in the United States and Canada, with an extended reach into international markets such as Europe, Asia-Pacific, and Latin America, primarily through partnerships with third-party financial institutions.

As the motorcycle market evolves, HDFS is committed to adhering to financial prudence while also exploring innovative financing avenues. The upcoming tender offers exemplify this commitment to secure both the company and its stakeholders' interests moving forward.