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8-K filed December 20, 2022, 6:59 PM ET ticker PII CIK 0000931015
debt confidence high sentiment neutral materiality 0.50

Polaris Inc. (PII): debt financing — Polaris amends credit facility: extends $500M term loan to Dec 2023, switches LIBOR to SOFR

Polaris Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Polaris Inc. amended term loan of $500 million with U.S. Bank National Association, as administrative agent, and the several lenders party thereto maturing December 15, 2023.

Instrument
term loan
Principal
$500 million
Counterparty
U.S. Bank National Association, as administrative agent, and the several lenders party thereto
Maturity
December 15, 2023
Event
amendment
Exact text from the filing
(ii) extend the maturity date of the $500 million incremental 364-day term loan incurred by Polaris on December 17, 2021 (the “Incremental Term Loan”) until December 15, 2023 and (iii) adjusts the applicable margin for the Incremental Term Loan to be consistent with the applicable margin for the other term loans under the existing credit facility.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Polaris Inc. amended a credit facility with U.S. Bank National Association, as administrative agent, and the several lenders party thereto (effective 2022-12-16).

Action
amendment
Agreement
credit facility
Counterparty
U.S. Bank National Association, as administrative agent, and the several lenders party thereto
Effective
2022-12-16
Exact text from the filing
On December 16, 2022, Polaris Inc. (“Polaris”) entered into an amendment to its existing credit facility with U.S. Bank National Association, as administrative agent, and the several lenders party thereto.
View on SEC.gov

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Polaris Inc. filing history →

Source: SEC EDGAR
accession 0001104659-22-128694
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