---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-033840"
form_type: "8-K"
ticker: "PII"
cik: "0000931015"
company_name: "Polaris Inc."
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:51:39.918938+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-033840
- form_type: 8-K
- ticker: PII
- cik: 0000931015
- company_name: Polaris Inc.
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/931015/000162828025033840/0001628280-25-033840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/931015/000162828025033840/pii-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-033840
- JSON: https://secwatch.observer/filing/0001628280-25-033840.json
- Plain text: https://secwatch.observer/filing/0001628280-25-033840.txt

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