(Reuters) -Harley-Davidson is in talks with Pacific Investment Management Co and KKR & Co. to sell a stake in its financing unit and existing motorcycle loan portfolio in a deal worth $5 billion, Bloomberg News reported on Monday.
Shares of the company were up 1.9% in extended trade.
A deal could be announced within weeks, and that conversations are ongoing and details and size of the deal may change, the report said, citing people familiar with the matter
Reuters could not immediately verify the report. KKR and PIMCO declined to comment, while Harley-Davidson did not immediately respond to a Reuters request for comment.
Harley-Davidson Financial Services, which helps dealers finance their investory and provides retail loans, primarily for the purchase of HarleyDavidson and LiveWire motorcycles, accounted for 20% of the company’s revenue in 2024.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Leroy Leo)