---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-051958"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:54:04.065561+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-051958
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828024051958/0001628280-24-051958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828024051958/pii-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-051958
- JSON: https://secwatch.observer/filing/0001628280-24-051958.json
- Plain text: https://secwatch.observer/filing/0001628280-24-051958.txt

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