---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-107835"
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: "2026-05-16T23:21:39.201712+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 Credit sells $4.06B motorcycle loan portfolio to KKR, Cavendish affiliates

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-107835
- 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: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114926/000110465925107835/0001104659-25-107835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114926/000110465925107835/tm2529945d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-107835
- JSON: https://secwatch.observer/filing/0001104659-25-107835.json
- Plain text: https://secwatch.observer/filing/0001104659-25-107835.txt

## Source-grounded claims
- claim_id: f71928ebbfa8b4bc837055f585de4a80293093a1
  claim: 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.
  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/1114926/000110465925107835/0001104659-25-107835-index.htm

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