The syndication of the $200m three year revolver for Harley Davidson Financial Services Europe has been closed heavily oversubscribed by arrangers Citigroup/SSSB and BNP Paribas. Despite the oversubscription, the borrower has not opted to increase the deal.
Banks were invited to join as arrangers taking $25m for fees of 17.5bp or as co-arrangers committing $15m for 12.5bp.
Banks are offered 45bp if the revolver is fully drawn, or a 20bp commitment fee.
The loan is guaranteed by the borrower's Milwaukee-based parent.
The deal will be signed at the end of the month.
