Harley-Davidson Financial Services, Inc. Announces It is Giving Notice of Full Redemption of its Outstanding €700,000,000 5.125 per cent. Guaranteed Notes due 2026

Rhea-AI Summary

Harley-Davidson Financial Services (NYSE:HOG) will fully redeem its outstanding €700,000,000 5.125% Guaranteed Notes due 2026 on March 15, 2026 at 100% of principal plus accrued interest.

The company said it will fund the redemption from cash and cash equivalents and will request Euronext Dublin to cancel the Notes' listing and trading admission.

Positive

• Full redemption of €700,000,000 notes on March 15, 2026
• Redemption funded from cash and cash equivalents, indicating available liquidity

Negative

• Use of cash for redemption reduces the company's cash reserves
• Request to cancel Euronext Dublin listing may reduce bond secondary-market liquidity

News Market Reaction – HOG

-1.95%

-1.95% Session close to close

In the Mar 5 session, HOG declined 1.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Harley-Davidson Financial Services’ plan to redeem its €700,000,000 5.1...

Analysis

This announcement highlights Harley-Davidson Financial Services’ plan to redeem its €700,000,000 5.125 per cent. Guaranteed Notes due 2026 at 100% of nominal value plus accrued interest, funded from cash and cash equivalents. In context of recent earnings, dividends, and prior note redemptions, it underscores ongoing balance sheet management. Investors may watch future disclosures on funding, any replacement debt issuance, and how these actions interact with broader capital return and investment priorities.

Key Figures

Guaranteed Notes principal: €700,000,000 Coupon rate: 5.125 per cent. Redemption price: 100 per cent. +5 more

8 metrics

Guaranteed Notes principal €700,000,000 Outstanding 5.125% Guaranteed Notes due 2026

Coupon rate 5.125 per cent. Interest rate on Guaranteed Notes due 2026

Redemption price 100 per cent. Of nominal amount, plus accrued and unpaid interest

Redemption date March 15, 2026 Full redemption date for the Guaranteed Notes

Price move 5.25% HOG 24h change prior to/around announcement

52-week range $17.11–$31.25 Current price $19.46 vs 52-week low/high

Volume vs average 1.58x 6,715,993 shares vs 20-day average 4,240,967

Market cap $2,184,443,047 Equity value prior to this news

Historical Context

5 past events · Latest: Feb 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 13	Dividend declaration	Positive	-0.3%	Announced Q1 2026 cash dividend of $0.1875 per share to shareholders.
Feb 10	Earnings and outlook	Neutral	+4.0%	Reported 2025 results and 2026 guidance including EPS, revenue and unit sales.
Jan 26	Earnings date set	Neutral	-1.4%	Announced timing and webcast details for Q4 and year-end 2025 results.
Dec 10	Leadership changes	Neutral	-0.4%	Reorganized leadership, adding CFO/CCO, COO, marketing and brand roles.
Dec 02	Debt redemption	Positive	+0.1%	HDFS redeemed 6.50% medium-term notes due 2028 using cash on hand.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company news (earnings, capital actions, leadership changes) has generally seen modest, mixed price reactions, with most events showing small alignment between news tone and next-day moves.

Recent Company History

Over the last few months, Harley-Davidson has reported full-year 2025 results with diluted EPS of $2.78 on consolidated revenue of $4.47B, plus a Q4 revenue figure of $496M and 2026 retail sales guidance of 130k–135k units. It declared a quarterly dividend of $0.1875 per share for Q1 2026 and announced significant leadership changes, including new CFO/CCO and COO roles. HDFS previously redeemed 6.50% medium‑term notes due 2028 from cash, similar in structure to today’s euro note redemption.

Key Terms

guaranteed notes, redemption, redemption price, nominal amount, +4 more

8 terms

guaranteed notes financial

"its outstanding €700,000,000 5.125 per cent. Guaranteed Notes due 2026"

Guaranteed notes are a type of investment where a third party promises to pay back your money with interest, no matter what happens to the market or the issuer. They matter because they offer added security, making them appealing to investors who want more certainty about getting their money back. Think of it like lending someone money with a guarantee from a trusted friend that you'll get paid back.

redemption financial

"today announced it is giving notice for the redemption on March 15, 2026"

Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.

redemption price financial

"The redemption price for the Notes is 100 per cent. of the nominal amount"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

nominal amount financial

"100 per cent. of the nominal amount of the Notes plus accrued and unpaid interest"

Nominal amount is the face value or stated number attached to a financial instrument or obligation — for example the dollar value printed on a bond, loan, or share — without adjusting for inflation, market price changes, or other real-world factors. It matters to investors because the nominal amount determines contractual payments and headline figures, but may differ from the actual market value or purchasing power; think of it as a sticker price that can diverge from what you’d actually pay or receive.

accrued and unpaid interest financial

"plus accrued and unpaid interest to but not including the Redemption Date"

Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.

cash and cash equivalents financial

"The Company will fund the redemption of the Notes from its cash and cash equivalents on hand."

Cash and cash equivalents are the money a company has on hand plus very short-term, low-risk investments that can be quickly turned into cash, like bank deposits or government bills. Investors watch this figure because it shows a company’s immediate ability to pay bills, cover unexpected costs, and fund operations or growth — like a household’s checking account and emergency fund that keeps daily life running smoothly.

fiscal agent financial

"Citibank, N.A., London Branch, the Fiscal Agent and Transfer Agent for the Notes"

A fiscal agent is a third-party organization appointed to handle financial tasks on behalf of an issuer or government, such as collecting and making payments, keeping records, and communicating with investors. Think of it like a trusted bill-paying service and record-keeper that ensures interest, principal, taxes or other cash flows are processed correctly and on time. Investors care because a reliable fiscal agent reduces the risk of missed payments, reporting errors, and delays that can affect returns and trust in the issuer.

transfer agent financial

"Citibank, N.A., London Branch, the Fiscal Agent and Transfer Agent for the Notes"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MILWAUKEE, March 5, 2026 /PRNewswire/ -- Harley-Davidson Financial Services, Inc. (the "Company" or "HDFS"), a subsidiary of Harley-Davidson, Inc. (NYSE:HOG), today announced it is giving notice for the redemption on March 15, 2026 (the "Redemption Date") of all of its outstanding €700,000,000 5.125 per cent. Guaranteed Notes due 2026 (the "Notes"). The redemption price for the Notes is 100 per cent. of the nominal amount of the Notes plus accrued and unpaid interest to but not including the Redemption Date.

The Company will fund the redemption of the Notes from its cash and cash equivalents on hand.

In connection with the redemption, the Company will request the Irish Stock Exchange plc, trading as Euronext Dublin, to cancel the listing of the Notes on the Official List of Euronext Dublin and the admission to trading of the Notes on the Global Exchange Market of Euronext Dublin.

This press release is not the Notice of Full Redemption of the Notes. A copy of such Notice is available from Citibank, N.A., London Branch, the Fiscal Agent and Transfer Agent for the Notes, Global Agency and Trust, 6th Floor, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom, Attention:  Fiscal Agent desk / Transfer Agent desk.

About HDFS

Harley-Davidson Financial Services, Inc. is a Delaware corporation and a subsidiary of Harley-Davidson, Inc. It is engaged in the business of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson® and LiveWire® motorcycles. HDFS works with certain unaffiliated third parties to provide motorcycle insurance and voluntary protection products to motorcycle owners. It conducts business principally in the United States and Canada. The dealers of Harley-Davidson Motor Company as well as their retail customers in Europe, the Middle East and Africa, Asia Pacific and Latin America generally have access to financing through third party financial institutions, some of which have licensing agreements with HDFS.

# # # (HOG-OTHER)

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/harley-davidson-financial-services-inc-announces-it-is-giving-notice-of-full-redemption-of-its-outstanding-700-000-000-5-125-per-cent-guaranteed-notes-due-2026--302705312.html

SOURCE Harley-Davidson, Inc.

FAQ

What is Harley-Davidson Financial Services redeeming on March 15, 2026 (HOG)?

The company is redeeming all outstanding €700,000,000 5.125% Guaranteed Notes due 2026 at 100% plus accrued interest. According to the company, the Redemption Date is March 15, 2026 and the redemption price is 100% of nominal amount plus accrued interest.

How will Harley-Davidson Financial Services fund the €700,000,000 note redemption (HOG)?

The company will fund the redemption from its cash and cash equivalents on hand. According to the company, no new financing is planned and available cash will be used to pay principal and accrued interest on the Notes.

What happens to the listing of the redeemed Notes on Euronext Dublin (HOG)?

Harley-Davidson Financial Services will request cancellation of the Notes' listing and trading admission on Euronext Dublin. According to the company, it will ask Euronext Dublin to remove the Notes from the Official List and Global Exchange Market after redemption.

Will the redemption of the 2026 Notes affect HOG bondholders' payments?

Bondholders will receive 100% of principal plus accrued and unpaid interest up to but not including March 15, 2026. According to the company, Citibank, N.A., London Branch, is the Fiscal Agent and Transfer Agent for distribution details.

Where can investors obtain the Notice of Full Redemption for HOG's Notes?

A copy of the Notice of Full Redemption is available from Citibank, N.A., London Branch, the Fiscal Agent and Transfer Agent. According to the company, investors should contact the Fiscal Agent desk/Transfer Agent desk at Citigroup Centre, Canary Wharf, London.