debt
confidence high
sentiment neutral
materiality 0.50
Harley-Davidson Motorcycle Trust 2023-A issues $579M in asset-backed notes across five classes
HARLEY-DAVIDSON CUSTOMER FUNDING CORP.
- Issued $101M Class A-1 at 4.975%, $170.4M Class A-2a at 5.32%, $50M floating Class A-2b, $194.2M Class A-3 at 5.05%, $63.35M Class A-4 at 4.97%.
- Total note issuance of approximately $579M, backed by motorcycle retail installment contracts.
- Pool balance of $628.5M as of cutoff date; 61.32% new motorcycles, 38.68% used; final maturity November 2029.
- Securitization structured as a true sale from Harley-Davidson Credit Corp. to the Trust; proceeds used to purchase contract assets.