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Harley-Davidson receives loan extension, published reports say
Harley-Davidson continues to work on its financing, one of three areas the manufacturer has labeled as key to effectively dealing with the U.S. economic downturn.
The manufacturer was able to extend the term on a $500 million loan on Wednesday, according to published reports. The loan was from a group of lenders, including JPMorgan Chase, and was originally set to expire March 31. The new agreement runs through March 2010.
The news was treated positively on Wall Street as Harley-Davidson’s stock increased nearly 20.5 percent on Wednesday.
