HARLEY-DAVIDSON, INC. (HOG): M&A transaction — Harley-Davidson closes $4.06B motorcycle loan portfolio sale; issues 9.8% of HDFS equity to KKR & PIMCO

HARLEY-DAVIDSON, INC.

HDCC sold a portion of its motorcycle loan portfolio to KKR Trust and HDL Trust for $4.06B on October 31, 2025.
HDFS issued 9.8% of its Class A Common Stock: 4.9% to KKR Morrow OpCo Aggregator and 4.9% to PIMCO Entities.
The equity issuance gives KKR and PIMCO minority stakes in Harley-Davidson Financial Services.
Both closings complete transactions previously announced on July 30, 2025, as referenced in the August 5, 2025 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HARLEY-DAVIDSON, INC. completed a disposition involving KKR Morrow Trust and HDL Trust (as assignee of Cavendish) for $4.06 billion (closed 2025-10-31).

Action: disposition
Counterparty: KKR Morrow Trust and HDL Trust (as assignee of Cavendish)
Consideration: $4.06 billion
Closing: 2025-10-31

Exact text from the filing

Item 2.01. Completion of Acquisition or Disposition of Assets. Also on the Closing Date, Harley-Davidson Credit Corp. (“HDCC”), a Nevada corporation and wholly owned subsidiary of the Company, completed the previously announced sale of a portion of HDCC’s motorcycle promissory notes and security agreements portfolio to KKR Morrow Trust, a Delaware statutory trust (“KKR Trust”) and HDL Trust, as assignee of Cavendish, for a purchase price of $4.06 billion (the “HDCC Transaction”).

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9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

HARLEY-DAVIDSON, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-107721

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