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Author Topic: HD Requests Survival Loan from Banking Industry  (Read 2976 times)

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HD Requests Survival Loan from Banking Industry
« on: June 15, 2020, 09:43:11 AM »

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muddypaws

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Re: HD Requests Survival Loan from Banking Industry
« Reply #1 on: June 15, 2020, 09:54:43 AM »

Does not look good....
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Re: HD Requests Survival Loan from Banking Industry
« Reply #2 on: June 15, 2020, 10:11:36 AM »

The link shown above is (for the moment) dead.  Any other source online showing this news only cited that link (that I can find presently).  Original source may have jumped the gun?  Curious and worth following.
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2smoke

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Re: HD Requests Survival Loan from Banking Industry
« Reply #3 on: June 15, 2020, 10:28:04 AM »

The link shown above is (for the moment) dead.  Any other source online showing this news only cited that link (that I can find presently).  Original source may have jumped the gun?  Curious and worth following.
Yeah, I can't find the article. Maybe they scrubbed it because it was a leak.
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iski

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Re: HD Requests Survival Loan from Banking Industry
« Reply #5 on: June 15, 2020, 10:47:40 AM »

That's an old article about Warren Buffet loaning HD $300 million back in 2009. 

Here's an article from April 2020 saying they plan to secure $1.3 billion from US banks: https://www.msn.com/en-us/autos/motorcycles/harley-davidson-s-turnaround-plan-is-beginning-to-take-shape/ar-BB13osG0

If this $350 million loan story does not involve the 2 above stories, my guess is a $350 million loan (more or less) secured by the federal govt. as part of the recent bailout plans for US companies. 

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Re: HD Requests Survival Loan from Banking Industry
« Reply #6 on: June 15, 2020, 12:11:28 PM »

I read the article this morning, so it was taken down before lunch.  Strange.  The article basically said HD wanted to borrow 350 mil and use 100+ mil this year, with the rest held in reserve in case they needed it. 
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Twolanerider

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Re: HD Requests Survival Loan from Banking Industry
« Reply #7 on: June 15, 2020, 12:19:58 PM »

I read the article this morning, so it was taken down before lunch.  Strange.  The article basically said HD wanted to borrow 350 mil and use 100+ mil this year, with the rest held in reserve in case they needed it.

Those weren't the terms of the Buffet loan so that's not it.  Buffet made a killing.  I think it was $300m and when Harley asked if they could repay it early to save some money Buffet ever so politely said no, he was just fine with the terms as agreed.  If memory serves it was 15% and Buffet eventually made something like $140m on the $300m loan.  That was back in the last big financial crisis (the seem to come once a decade anymore).
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scotman623

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Re: HD Requests Survival Loan from Banking Industry
« Reply #8 on: June 15, 2020, 01:54:42 PM »

Interesting!!!! They should stick to what they know and expand from there.... Touring bikes.... New frames, lose some weight, New suspension, Maybe water cooling...  I love Harley, I plan to stick with them and hopefully they get it right!!! If not, I just may have to test ride a Challenger...
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Re: HD Requests Survival Loan from Banking Industry
« Reply #9 on: June 16, 2020, 06:37:28 AM »

Very sad to see Harley needs a big loan.  However it is not a surprise at all.  We all know they are in trouble, and have been for a while.
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Re: HD Requests Survival Loan from Banking Industry
« Reply #10 on: June 16, 2020, 07:48:18 AM »

Interesting!!!! They should stick to what they know and expand from there.... Touring bikes.... New frames, lose some weight, New suspension, Maybe water cooling...  I love Harley, I plan to stick with them and hopefully they get it right!!! If not, I just may have to test ride a Challenger...

X-2 on the Challenger, Buddy of mine owns an Indian dealership in KS. 
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Re: HD Requests Survival Loan from Banking Industry
« Reply #11 on: June 16, 2020, 07:59:00 AM »

Great,...tax dollars (your and my money) going to support an entity that cannot figure out how to manage themselves. With all the struggles they’ve shown, their borrowing history is pretty sad. Not too sure what US federally backed banks would do that. HD will probably end up asking banks and lenders overseas. China and Russia have been known to lend money to struggling US businesses.
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mark

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Re: HD Requests Survival Loan from Banking Industry
« Reply #12 on: June 16, 2020, 08:25:21 AM »

Great,...tax dollars (your and my money) going to support an entity that cannot figure out how to manage themselves. With all the struggles they’ve shown, their borrowing history is pretty sad. Not too sure what US federally backed banks would do that. HD will probably end up asking banks and lenders overseas. China and Russia have been known to lend money to struggling US businesses.
I wondered the same, would a bank risk loaning HD $350mil?  If things continue going south and bankruptcy hits, the bank would be SOL.
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2smoke

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Re: HD Requests Survival Loan from Banking Industry
« Reply #13 on: June 16, 2020, 10:32:15 AM »

I wondered the same, would a bank risk loaning HD $350mil?  If things continue going south and bankruptcy hits, the bank would be SOL.
Maybe it would be a bank that is declared "too big to fail" and the friendly government will bail them out with taxpayer money... again! Harley should look at securing a loan from Keith Wandel. He got millions just to F it all up! C'mon Keith, help them out.?!
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Re: HD Requests Survival Loan from Banking Industry
« Reply #14 on: June 16, 2020, 10:33:51 AM »

In late 2015 & from 2016 until now, HD debt to equity ratio has averaged higher than is desirable, and it's higher than it it was when the company had bigger revenue & profits. 

In other words, when they do borrow money, the lender can charge them out the wazoo for interest.
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