Harley-Davidson sells $1 Billion In Bonds

Last month Harley-Davidson said it will cut its work force by 8 percent and trim bike shipments by the thousands. Yesterday Wednesday the company said it has sold $1 billion in bonds, providing the cash necessary if the market outlook would deteriorate even more. Proceeds are used to repay commercial paper borrowings and for general corporate purposes. Harley-Davidson.


3 Responses to “Harley-Davidson sells $1 Billion In Bonds”

  1. 1 J May 23rd, 2008 at 7:57 pm

    That’s a big number, and I am guessing the coupon isn’t cheap…. Gonna materially impact earnings going forward, bad news for the common shareholder.

    Earnings really aren’t that weak, and the write-offs from the mickey-mouse financing really weren’t all that much….. A billion is a disproportionate amount of cash to manufacture, in light of their own sales forecasts……Wonder what Harley has yet to tell us about their vapor financing arm?


  2. 2 rodent May 25th, 2008 at 8:15 pm

    Something ain’t kosher, bubba!

  3. 3 Genodeluxe May 27th, 2008 at 4:19 pm

    this bike crash happened in the late 70’s but the mom and pop HD dealers
    weathered the storm until the mid 80’s cause they had low overhead, owned their building and had oily linoleum on the floor
    today all HD dealers have prime bloomingdale outlets and way way way too much overhead

    I see trikes in the future


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