Harley-Davidson plans to issue a $650 million securitization of motorcycle loans, according to a deal prospectus filed with the US Securities and Exchange Commission.
The deal, Harley-Davidson Motorcycle Trust 2013-1, will consist of four tranches of class A notes and a single tranche of class B notes sized at $22.46 million. Citigroup, JP Morgan and RBS are lead bookrunners on the deal.
Castle Oak Securities, Wells Fargo, Mizuho Securities and Goldman Sachs are co-managers on the deal.
Standard & Poor’s said that the deal, when issued, will bring year-to-date auto-related issuance to $26 billion. That means volumes are running slightly behind the ratings agency’s projection of $105 billion for all of 2013.