Polaris adds $400M 364-day term loan facility to repay revolver and for corporate purposes

Polaris Inc.

New incremental 364-day unsecured term loan of $400M entered July 26, 2024, maturing July 25, 2025.
Proceeds to partially repay outstanding revolving loans and for general corporate purposes.
Interest margin: base rate 0.75%–0%; Term SOFR 1.75%–1.00%, depending on net leverage ratio.
Amendment No. 7 to existing credit agreement; lenders include U.S. Bank, Bank of America, MUFG, Wells Fargo, and others.
Covenants and events of default consistent with prior credit agreement; no material adverse change representation made.

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