Form 305B2 HARLEY-DAVIDSON CUSTOMER

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM T-1

 

STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

Check if an application to determine eligibility of a Trustee

pursuant to Section 305 (b)(2) x

 

CITIBANK, N.A.

(Exact name of trustee as specified in its charter)

 

A National Banking Association	13-5266470
(Jurisdiction of Incorporation or organization if not a U.S. national bank)	(I.R.S. Employer Identification No.)
399 Park Ave., New York, NY	10043
(Address of principal executive office)	(Zip Code)

 

Trang Tran-Rojas
Citibank, N.A.
388 Greenwich St.
New York, NY 10013
(713) 693-6613
(Name, address and telephone number of agent for service)

 

 

Harley-Davidson Motorcycle Trust 2025-A (Exact name of obligor as specified in its charter)

 

Delaware	33-6929759
(Jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification No.)
c/o Wilimington Trust, National Association 1100 North Market Street Wilmington, DE	19890
(Address of principal executive office)	(Zip Code)

 

Copies To:

 

William S. Jue, General Counsel

Harley-Davidson Credit Corp.
Tel: (312) 368-9501  

 

Asset - Backed Notes

(Title of the indenture securities)

 

 

 

Item 1.

General Information.

 

Furnish the following information as to the trustee:

 

(a)

Name and address of each examining or supervising authority to which it is subject.

 

Name	Address
Comptroller of the Currency	Washington, D.C.
Federal Reserve Bank of New York 33 Liberty Street New York, NY	New York, NY
Federal Deposit Insurance Corporation	Washington, D.C.

 

(b)

Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

Item 2.

Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

Items 3. -15. Not Applicable

 

Item 16. List of Exhibits.

 

List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

 

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

 

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

 

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

 

Exhibit 4 - Copy of existing By-Laws of the Trustee (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

 

Exhibit 5 - Not applicable.

 

 

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

 

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of December 31, 2024 - attached).

 

Exhibit 8 - Not applicable.

 

Exhibit 9 - Not applicable.

 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 8th day of May, 2025.

 

	CITIBANK, N.A.
	By	/s/ Trang Tran-Rojas
		Trang Tran-Rojas
		Senior Trust Officer

 

 

CONSOLIDATED BALANCE SHEET

Citigroup Inc. and Subsidiaries

 

		December 31,
In millions of dollars		2024				2023
Assets
Cash and due from banks (including segregated cash and other deposits)		$	22,782			$	27,342
Deposits with banks, net of allowance			253,750				233,590
Securities borrowed and purchased under agreements to resell (including $140,855 and $206,059 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance			274,062				345,700
Brokerage receivables, net of allowance			50,841				53,915
Trading account assets (including $193,291 and $197,156 pledged to creditors at December 31, 2024 and 2023, respectively)			442,747				411,756
Investments:
Available-for-sale debt securities (including $5,389 and $11,868 pledged to creditors as of December 31, 2024 and 2023, respectively)			226,876				256,936
Held-to-maturity debt securities, net of allowance (fair value of which is $224,410 and $235,001 as of December 31, 2024 and 2023, respectively) (includes $0 and $71 pledged to creditors as of December 31, 2024 and 2023, respectively)			242,382				254,247
Equity securities (including $578 and $766 as of December 31, 2024 and 2023, respectively, at fair value)			7,399				7,902
Total investments		$	476,657			$	519,085
Loans:
Consumer (including $281 and $313 as of December 31, 2024 and 2023, respectively, at fair value)			393,102				389,197
Corporate (including $7,759 and $7,281 as of December 31, 2024 and 2023, respectively, at fair value)			301,386				300,165
Loans, net of unearned income		$	694,488			$	689,362
Allowance for credit losses on loans (ACLL)			(18,574	)			(18,145	)
Total loans, net		$	675,914			$	671,217
Goodwill			19,300				20,098
Intangible assets (including MSRs of $760 and $691 as of December 31, 2024 and 2023, respectively)			4,494				4,421
Premises and equipment, net of depreciation and amortization			30,192				28,747
Other assets (including $13,703 and $12,290 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance			102,206				95,963
Total assets		$	2,352,945			$	2,411,834

 

Statement continues on the next page.

 

 

CONSOLIDATED BALANCE SHEET		Citigroup Inc. and Subsidiaries
(Continued)

 

		December 31,
In millions of dollars, except shares and per share amounts			2024				2023
Liabilities
Deposits (including $3,608 and $2,440 as of December 31, 2024 and 2023, respectively, at fair value)		$	1,284,458			$	1,308,681
Securities loaned and sold under agreements to repurchase (including $49,154 and $62,485 as of December 31, 2024 and 2023, respectively, at fair value)			254,755				278,107
Brokerage payables (including $5,207 and $4,321 as of December 31, 2024 and 2023, respectively, at fair value)			66,601				63,539
Trading account liabilities			133,846				155,345
Short-term borrowings (including $12,484 and $6,545 as of December 31, 2024 and 2023, respectively, at fair value)			48,505				37,457
Long-term debt (including $112,719 and $116,338 as of December 31, 2024 and 2023, respectively, at fair value)			287,300				286,619
Other liabilities, plus allowances			68,114				75,835
Total liabilities		$	2,143,579			$	2,205,583
Stockholders’ equity
Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: as of December 31, 2024 —714,000 and as of December 31, 2023—704,000, at aggregate liquidation value		$	17,850			$	17,600
Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: as of December 31, 2024 —3,099,719,006 and as of December 31, 2023—3,099,691,704			31				31
Additional paid-in capital			109,117				108,955
Retained earnings			206,294				198,905
Treasury stock, at cost: December 31, 2024—1,222,647,540 shares and December 31, 2023—1,196,577,865 shares			(76,842	)			(75,238	)
Accumulated other comprehensive income (loss) (AOCI)			(47,852	)			(44,800	)
Total Citigroup stockholders’ equity		$	208,598			$	205,453
Noncontrolling interests			768				798
Total equity		$	209,366			$	206,251
Total liabilities and equity		$	2,352,945			$	2,411,834

 

The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Shanghai lantern show lights up Spanish celebration
• SPUN Adds Four Features to Simplify Online Visa Application to Indonesia
• Crypto News: AlphaPepe Presale Announces $3M Raised as Ethereum Price Prediction Targets $6,000