Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett poses on a motorcycle during the Berkshire Hathaway Annual Shareholders meeting in Omaha, Nebraska.

The Oracle of Omaha is at it again. This week, billionaire investor Warren Buffet announced his firm, Berkshire Hathaway Inc., would be purchasing $300 million in debt from apparently ailing motorcycle manufacturer, Harley-Davidson Inc. As per the terms of the agreement, Buffet’s $300 million investment will be matched dollar-for-dollar by Harley’s current largest shareholder, Davis Selected Advisors LP, and Berkshire will earn 15% interest on the senior unsecured notes.

Reporting a total market value loss of 2/3 over the past year, immediately following the announcement of Harley’s receipt of the golden Buffet ticket, HD stock jumped a full 16% on the NYSE, closing out the day with its biggest stock gain in months.

Source: Bloomberg via AutoBlog
Image Cred: Reuters Pictures