Polaris amends credit: revolver to $1.4B, term loan cut to $500M, note rate +0.5%

Polaris Inc.

Revolving credit facility increased from $1.0B to $1.4B; term loan reduced by $244M to $500M.
Maturity of both facilities extended to December 13, 2029.
Leverage ratio covenant changed from gross to net leverage ratio in Note Purchase Agreement.
Interest rates on notes increased by 0.50% per annum.
Interest coverage ratio covenant revised to be based on EBITDA to interest expense.

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