HARLEY-DAVIDSON CUSTOMER FUNDING CORP.: M&A transaction — Harley-Davidson Credit sells $4.06B motorcycle loan portfolio to KKR, Cavendish affiliates

HARLEY-DAVIDSON CUSTOMER FUNDING CORP.

Harley-Davidson Credit Corp sold a portion of its motorcycle promissory notes portfolio for $4.06 billion.
Purchasers KKR Morrow Trust and HDL Trust (Cavendish assignee) now hold 95% certificate interest in the trust.
The trust is Harley-Davidson Motorcycle Trust 2023-B, dated September 1, 2023.
Closing occurred November 6, 2025; filing voluntarily informs noteholders.

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 CUSTOMER FUNDING CORP. completed a disposition involving KKR Morrow Trust, a Delaware statutory trust and HDL Trust, as assignee of Cavendish, LLC for $4.06 billion.

Action: disposition
Counterparty: KKR Morrow Trust, a Delaware statutory trust and HDL Trust, as assignee of Cavendish, LLC
Consideration: $4.06 billion

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001104659-25-107835

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