{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-075848","form_type":"8-K","ticker":"HOG","cik":"0000793952","company_name":"HARLEY-DAVIDSON, INC.","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.385520+00:00","generated_at":"2026-05-17T15:55:26.327274+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Harley-Davidson sells ~1.75x book HDFS stake to KKR/PIMCO; $1.25B cash","bullets":["HDFS sells 4.9% equity to KKR and 4.9% to PIMCO (9.8% total) at ~1.75x post-transaction book value.","HDFS sells over $5B of existing retail loan receivables and ~2/3 of future originations for 5 years at a premium.","Transaction unlocks ~$1.25B in discretionary cash; plans $500M buyback and $450M debt reduction.","HDFS retains full control; expects lower 2026 OI but higher ROE and double-digit OI growth from 2027.","Strategic partners to pay servicing fees (1% prime, 2.5% sub-prime) on purchased loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-075848","json":"https://secwatch.observer/filing/0001104659-25-075848.json","markdown":"https://secwatch.observer/filing/0001104659-25-075848.md","text":"https://secwatch.observer/filing/0001104659-25-075848.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793952/000110465925075848/0001104659-25-075848-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793952/000110465925075848/tm2522653d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:55:26.327274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}