Polaris adds $500M 364-day unsecured term loan to support capital allocation and share repurchases

Polaris Inc.

Incremental $500M unsecured 364-day term loan entered Dec 17, 2021; announced Dec 21.
Interest margins: base rate 0%–0.50%, eurocurrency 0.75%–1.50%, based on leverage ratio.
Proceeds for general corporate purposes; provides flexibility for $1B share repurchase authorization.
Facility under existing credit agreement with U.S. Bank as agent; matures Dec 16, 2022.

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