debt
confidence high
sentiment neutral
materiality 0.55
Harley-Davidson Motorcycle Trust 2024-B issues $631.6M in four tranches of ABS notes
HARLEY-DAVIDSON CUSTOMER FUNDING CORP.
- Issued $112M Class A-1 at 4.979%, $200M Class A-2 at 4.62%, $249M Class A-3 at 4.31%, and $70.6M Class A-4 at 4.28%.
- Transfer and Sale Agreement executed for $599.99M of motorcycle contract assets from Harley-Davidson Credit Corp.
- Notes backed by motorcycle retail installment contracts; final maturity by September 2031.
- Transaction structured as a true sale to Harley-Davidson Customer Funding Corp. and then to the trust.
- Standard securitization with customary representations, warranties, and repurchase obligations.