Harley-Davidson Inc. Announces Sale of Motorcycle Loan Portfolio to KKR Morrow Trust and Cavendish LLC
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Harley-Davidson Inc. has announced the sale of a portion of its motorcycle loan portfolio to KKR Morrow Trust and Cavendish LLC. The deal includes both existing and future motorcycle contracts, including delinquent ones. Additionally, Harley-Davidson Financial Services has entered into subscription agreements resulting in the issuance of Class A Common Stock, representing 9.8% of the Common Stock on a fully diluted basis.
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