05:38 PM EDT, 08/25/2025 (MT Newswires) -- Harley-Davidson ( HOG ) said late Monday it has completed the sale of its residual interests in securitized consumer loan receivables handled by KKR (KKR) and PIMCO, raising over $230 million at a premium.

The motorcycle maker executed the sale of its existing and future retail loans to reshape its financial services arm, Harley-Davidson Financial Services, into a capital-light business, it said.

The residual interests sold represented about $2 billion in retail loan receivables and $1.8 billion in related debt as of June 30, removing significant debt from the company's balance sheet, the company said.

The company expects to complete the transaction, including the sale of 4.9% equity interests in HDFS to each partner, by the end of October.