Tuesday, December 14, 2010

Harley-Davidson Pays Back $297 Million in Loans


Harley-Davidson filed papers today with the SEC disclosing that the company has bought back $297 million in�papers (essentially paying off a loan) from Davis Selected Advisers, L.P to the tune of $380.8 million. Taking the loan amount at 15% interest, Harley-Davidson borrowed roughly $600 million from Davis Select and Warren Buffett ($300 million each, despite what other blogs seem to think) back in February of 2009. This announcement marks the first step Harley-Davidson has taken ...

Source: http://feedproxy.google.com/~r/AsphaltandRubber/~3/w23b2aWjS70/

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