---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-053649"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:54:31.242954+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Polaris issues $500M 6.950% Senior Notes due 2029; proceeds to repay credit facility

## Summary
- Issued $500M aggregate principal of 6.950% Senior Notes maturing March 15, 2029.
- Net proceeds approximately $492M after underwriting discount, before expenses.
- Interest payable semi-annually on March 15 and September 15; first payment March 15, 2024.
- Proceeds used to repay indebtedness under credit agreement and for general corporate purposes.
- Notes subject to make-whole redemption prior to Feb 15, 2029, and 100% par redemption thereafter.

## SEC filing metadata
- accession: 0001140361-23-053649
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000114036123053649/0001140361-23-053649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000114036123053649/ny20010330x5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-053649
- JSON: https://secwatch.observer/filing/0001140361-23-053649.json
- Plain text: https://secwatch.observer/filing/0001140361-23-053649.txt

## Key facts
- Debt Financings
  Polaris Inc. incurred senior notes of $500 million aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 6.950% per year maturing March 15, 2029.
  - Instrument: senior notes
  - Principal: $500 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Rate: 6.950% per year
  - Maturity: March 15, 2029
  - Event: incurrence
  source text: On November 16, 2023, Polaris Inc. (the “Company”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), entered into a First Supplemental Indenture, dated as of November 16, 2023 (the “First Supplemental Indenture”) to the Indenture, dated as of November 16, 2023 (the “Base Indenture”), relating to the Company’s $500 million aggregate principal amount of its 6.950% Senior Notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/931015/000114036123053649/0001140361-23-053649-index.htm
- Material Agreements
  Polaris Inc. entered into First Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500 million aggregate principal amount (effective 2023-11-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $500 million aggregate principal amount
  - Effective: 2023-11-16
  source text: On November 16, 2023, Polaris Inc. (the “Company”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), entered into a First Supplemental Indenture, dated as of November 16, 2023 (the “First Supplemental Indenture”) to the Indenture, dated as of November 16, 2023 (the “Base Indenture”), relating to the Company’s $500 million aggregate principal amount of its 6.950% Senior Notes due 2029 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/931015/000114036123053649/0001140361-23-053649-index.htm

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