---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-107815"
form_type: "8-K"
ticker: null
cik: "0001114926"
company_name: "HARLEY-DAVIDSON CUSTOMER FUNDING CORP."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:21:34.013612+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Harley-Davidson Credit Corp. closes $4.06B sale of motorcycle loan portfolio to KKR and Cavendish

## Summary
- Sale of motorcycle promissory notes and security agreements for $4.06B to KKR Morrow Trust and HDL Trust (Cavendish assignee).
- Purchasers now hold 95% of certificate interest in Harley-Davidson Motorcycle Trust 2023-A.
- Transaction completed November 6, 2025; previously announced in July 2025 agreements.

## SEC filing metadata
- accession: 0001104659-25-107815
- form_type: 8-K
- cik: 0001114926
- company_name: HARLEY-DAVIDSON CUSTOMER FUNDING CORP.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114926/000110465925107815/0001104659-25-107815-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114926/000110465925107815/tm2529945d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-107815
- JSON: https://secwatch.observer/filing/0001104659-25-107815.json
- Plain text: https://secwatch.observer/filing/0001104659-25-107815.txt

## Source-grounded claims
- claim_id: c413237c2eb2d10b32231ee864e9a82bd9755506
  claim: HARLEY-DAVIDSON CUSTOMER FUNDING CORP. completed a disposition involving KKR Morrow Trust and HDL Trust, as assignee of Cavendish, LLC for $4.06 billion.
  evidence_excerpt: Harley-Davidson Credit Corp. (the “Sponsor”), a Nevada corporation and wholly owned subsidiary of the Company, completed the previously announced sale of a portion of the Sponsor’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, LLC, a Delaware limited liability company (together with KKR Trust, the “Purchasers”), for a purchase price of $4.06 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114926/000110465925107815/0001104659-25-107815-index.htm

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