Printer Friendly

HARLEY-DAVIDSON, INC. CALLS 7-1/4 PERCENT CONVERTIBLE SUBORDINATED DEBT

 MILWAUKEE, Wis., Nov. 16 ~PRNewswire~ -- Harley-Davidson, Inc. (NYSE: HDI) announced today that it has called for redemption all of its outstanding Harley-Davidson, Inc. 7-1~4 percent convertible subordinated debentures due 2015. As explained in the company's notice to its bondholders today, the redemption date will be Dec. 18, 1992. The debentures are being redeemed at 105.800 percent of principal amount plus accrued interest up to but not including the redemption date.
 The debentures, first offered in July of 1990, are also convertible to Harley-Davidson, Inc. common stock at a conversion price of $19.84 per share. Bondholders who convert after the close of business on the record date (Dec. 15, 1992), but prior to the close of business on the redemption date (Dec. 18, 1992), will be entitled to accrued interest.
 Bondholders who convert prior to the close of business on the record date will not receive such interest. "With our stock price at its current level (Nov. 16 NYSE closing price: $34-3~8), we feel that conversion is an attractive option for our bondholders and we're pleased to be able to present them with this opportunity," said Richard F. Teerlink, president and chief executive officer, Harley-Davidson, Inc.
 Payment of the redemption price plus accrued interest will be made on or after the redemption date only upon surrender of the debentures at the office of the company's trustee, Firstar Trust Company, Milwaukee, Wis. In order to exercise the conversion privilege, holders must surrender the debentures to the trustee in accordance with the procedures set forth in the notice to bondhonders. The conversion right shall expire at the close of business on the redemption date. Bondholders may contact Firstar's Investor Services Department at 414-276-3737 for additional information on redemption or conversion procedures.
 Harley-Davidson, Inc., the only major American motorcycle manufacturer, produces heavyweight motorcycles and a complete line of motorcycle parts and accessories. Its Holiday Rambler Corporation subsidiary is a leading manufacturer of premium recreational vehicles, specialized commercial vehicles and a diverse range of related products.
 -0- 11~16~92
 ~CONTACT: Ken Schmidt, 414-935-4538, or Jim Ziemer, financial, 414-935-4750, both for Harley-Davidson~
 (HDI)


CO: Harley-Davidson, Inc. ST: Wisconsin IN: SU:

LD -- NY133 -- 1564 11~16~92 18:08 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 16, 1992
Words:368
Previous Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Next Article:NEW YORK STOCK EXCHANGE CLOSING, MONDAY, NOV. 16 /PRN/
Topics:


Related Articles
Harley-Davidson, Inc. Increases Dividend, Adds New Director
Harley-Davidson, Inc. Increases Dividend and Announces Results of Annual Shareholder Meeting
Harley-Davidson, Inc. Posts Record Second Quarter/First Half Sales and Earnings
DCR Rates Harley-Davidson Funding Corp.'s Commercial Paper 'D-1'
Harley-Davidson, Inc. Increases Dividend and Announces Results of Annual Shareholder Meeting
Harley-Davidson, Inc. Declares Dividend
Harley-Davidson, Inc. Reports Record First Quarter Sales and Earnings.
Harley-Davidson, Inc. Increases Dividend and Announces Results of Annual Shareholder Meeting.
Harley-Davidson, Inc. Reports Record Third Quarter Performance and Announces Unit Production Increases.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters