50% Medium-Term Notes due 2028. 9 million.
This represents a significant portion of the company's outstanding debt obligations. 9 million in principal amount of Notes outstanding.
The redemption price for these notes will be determined by the greater of 100% of the principal amount and the 'make-whole' redemption price plus accrued interest up to but not including the Redemption Date. The company intends to fund this redemption from its cash reserves, indicating a commitment to managing its debt obligations effectively.
, serves as the paying agent for these notes. While the details of the redemption process are outlined in the press release, it is essential to note that this announcement may have implications for Harley-Davidson's overall financial health and its ability to meet future obligations.
The company's financing arm plays a critical role in supporting its retail business, which relies heavily on motorcycle sales. With this redemption, Harley-Davidson Financial Services will be simplifying its debt structure and potentially freeing up resources for other strategic initiatives.
This redemption announcement highlights the importance of effective cash management in maintaining financial stability. As a financing arm, Harley-Davidson Financial Services' ability to manage its debt obligations will have a direct impact on the company's overall performance.
