Archive for the ‘Street Riding’ Category
Billionaire investor Warren Buffettâ€™s Berkshire Hathaway Inc. agreed to buy $300 million of debt from Harley-Davidson Inc., the biggest U.S. motorcycle maker, adding to holdings of corporate debt as yields rise.
Berkshire will get 15 percent interest on the senior unsecured notes, Milwaukee-based Harley said today in a statement. Davis Selected Advisers LP, the largest holder of the companyâ€™s stock, also committed to buy $300 million of debt. Harley, which is raising cash to lend to customers, rose the most in more than two decades in New York trading…Â More Info…Â