Harley-Davidson Financial Services to Fully Redeem €700M Notes Due 2026
Harley-Davidson Financial Services is redeeming all of its €700 million 5.125% guaranteed notes due 2026 on March 15, using cash on hand.
- €700,000,000
- 5.125%
- March 15, 2026
What Happened
Harley-Davidson Financial Services (HDFS) announced it will redeem all of its outstanding €700,000,000 5.125% guaranteed notes due 2026 on March 15, 2026. The redemption price is 100% of the nominal amount plus accrued interest. The company will fund the redemption from its cash and cash equivalents. Additionally, HDFS will request that Euronext Dublin cancel the listing and trading of the notes.
€700,000,000euros
5.125% guaranteed notes due 2026, redeemed at par plus accrued interest.
Why this matters
The redemption removes the company's €700 million debt obligation early, simplifying its balance sheet and reducing future interest costs.
Terms in This Story
- Guaranteed notes
- Bonds that are backed by a guarantee from another entity, reducing credit risk for holders.
- Redemption
- The repayment of a bond's principal by the issuer, often before its maturity date.
- Fiscal agent
- A bank or trust company that handles payments and administrative tasks for bond issuers.
- Euronext Dublin
- The Irish stock exchange where bonds can be listed and traded.
Summarised from the linked release; details can be imperfect — always verify against the original source.