---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-051741"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:44:13.415715+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Polaris amends credit agreement, terminates subsidiary guarantees, removes co-borrowers

## Summary
- Nov 7, 2023: Polaris amended its credit agreement, terminating all subsidiary guarantees and removing Polaris Industries Inc. and Polaris Sales Inc. as co-borrowers.
- Subsidiary guarantees under the Master Note Purchase Agreement were also released and discharged.
- Amended credit agreement remains with U.S. Bank as admin agent and several lenders including Bank of America, Wells Fargo, JPMorgan.
- No Event of Default existed or resulted from the amendment, per company representation.
- Amendment includes a release of claims by Polaris against lenders for matters prior to the amendment date.

## SEC filing metadata
- accession: 0001140361-23-051741
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000114036123051741/0001140361-23-051741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000114036123051741/ny20010330x3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-051741
- JSON: https://secwatch.observer/filing/0001140361-23-051741.json
- Plain text: https://secwatch.observer/filing/0001140361-23-051741.txt

## Key facts
- Material Agreements
  Polaris Inc. amended Credit Agreement with U.S. Bank National Association valued at Amendment terminated subsidiary guarantees and removed subsidiaries as co-borrowers (effective 2023-11-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: Amendment terminated subsidiary guarantees and removed subsidiaries as co-borrowers
  - Effective: 2023-11-07
  source text: On November 7, 2023, Polaris Inc. (“Polaris” or the “Company”) and certain of its subsidiaries entered into an amendment to its existing credit agreement with U.S. Bank National Association, as administrative agent, and the several lenders party thereto (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/931015/000114036123051741/0001140361-23-051741-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.