Business
Harley-Davidson Achieves Milestone in Strategic Partnership with KKR and PIMCO with Completion of Sale of Residual Interests in Securitized Consumer Loan Receivables
Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today announced the completion of the sale of its residual interests in securitized consumer loan receivables, marking a milestone in its strategic partnership with KKR, a leading global investment firm, and PIMCO, a global leader in active fixed income with expertise across public and private markets. This strategic partnership transforms HDFS into a capital-light financing business through the sale of existing and future re
About this update from Kkr & Co. Inc.
[{"type":"text","content":"Represents an important step in the recently announced strategic partnership with KKR and PIMCO to transform Harley-Davidson Financial Services (HDFS) into a capital-light and derisked business that will continue to originate and service both new and existing retail loans","length":272,"tagName":"p","attribs":{}},{"type":"text","content":"Generates proceeds of more than $230 million through sale of residual interests in certain securitized consumer loan receivables at a premium to par","length":148,"tagName":"p","attribs":{}},{"type":"text","content":"Residual interests sold represented aggregate retail loan receivables of approximately $2 billion and related debt of approximately $1.8 billion at June 30, 2025","length":161,"tagName":"p","attribs":{}},{"type":"text","content":"MILWAUKEE, Aug. 25, 2025 /PRNewswire/ -- Harley-Davidson, Inc. (the "Company" or "Harley-Davidson") (NYSE: HOG) today announced the completion of the sale of its residual interests in securitized consumer loan receivables, marking a milestone in its strategic partnership with KKR, a leading global investment firm, and PIMCO, a global leader in active fixed income with expertise across public and private markets. This strategic partnership transforms HDFS into a capital-light financing business through the sale of existing and future retail loans while maintaining its strategic value to Harley-Davidson, its dealers, customers and investors.","length":677,"tagName":"p"},{"type":"text","content":"Strategic Partnership Transaction Update","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"HDFS has sold 95% of the residual interests in certain securitized consumer loan receivables to investment vehicles managed by KKR and PIMCO at a premium to par value for gross proceeds of more than $230 million.","length":212,"tagName":"p"}]},{"val":[{"type":"text","content":"Residual interests sold represented aggregate retail loan receivables of approximately $2 billion and related debt of approximately $1.8 billion at June 30, 2025.","length":162,"tagName":"p"}]},{"val":[{"type":"text","content":"HDFS is targeting completion of the remaining aspects of the transaction, including the sale of 4.9% common equity interests at an agreed $1.8 billion valuation to each partner, and the existing consumer retail loan ...