---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-107721"
form_type: "8-K"
ticker: "HOG"
cik: "0000793952"
company_name: "HARLEY-DAVIDSON, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:05:57.938195+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Harley-Davidson closes $4.06B motorcycle loan portfolio sale; issues 9.8% of HDFS equity to KKR & PIMCO

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-107721
- form_type: 8-K
- ticker: HOG
- cik: 0000793952
- company_name: HARLEY-DAVIDSON, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793952/000110465925107721/0001104659-25-107721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793952/000110465925107721/tm2530329d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-107721
- JSON: https://secwatch.observer/filing/0001104659-25-107721.json
- Plain text: https://secwatch.observer/filing/0001104659-25-107721.txt

## Source-grounded claims
- claim_id: 8058b01027c8e1f8005efa1eb43eb52a03a677ec
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/793952/000110465925107721/0001104659-25-107721-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.