Polaris amends credit facility, prepays $350M senior notes, extends term loan to 2026

Polaris Inc.

Prepaid all $350.0M senior notes due 2028 with proceeds from revolving loans under senior credit facilities.
Maturity of incremental term loan extended to June 26, 2026; covenant relief period runs Q2 2025 through Q2 2026.
Limitations during relief: restricts share buybacks and dividends beyond regular quarterly dividends (subject to cap).
If Polaris loses investment-grade rating from two agencies, must grant liens on substantially all domestic personal property.
CFO cites tariff environment as motivation for proactive amendment to enhance financial flexibility.

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