NEWS : Harley-Davidson Sells $1B in Bonds Amid Flagging SalesDate Created: May 22, 2008, 07:39 AM
Harley-Davidson Sells $1B in Bonds Amid Flagging Sales
Harley-Davidson Inc. on Wednesday said it has sold $1 billion in bonds, providing cash that one analyst suggested could help the struggling motorcycle maker weather a deteriorating market outlook.
The announcement comes a month after the Milwaukee-based maker of one of America's most iconic rides said it will cut its work force by 8 percent and trim bike shipments by the thousands.
Harley-Davidson agreed to sell the bonds on May