Polaris Announces Pricing of $500 Million of Senior Notes
Rhea-AI Summary
Polaris (NYSE: PII) priced an underwritten public offering of $500 million aggregate principal amount of 5.600% senior notes due 2031. The sale is expected to close on November 13, 2025, subject to customary closing conditions. Polaris intends to use net proceeds to repay its incremental term loan facility in full, with any remaining proceeds available for general corporate purposes, which could include repaying borrowings under its revolving loan facility. The notes are offered under an effective shelf registration (File No. 333-275360).
Positive
- $500 million senior notes priced at 5.600%
- Proceeds designated to repay incremental term loan in full
- Offering locks long-term financing with maturity in 2031
Negative
- New fixed obligation at 5.600% through 2031
- Closing is subject to customary conditions; not final until Nov 13, 2025
News Market Reaction
On the day this news was published, PII declined 0.82%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The sale of the notes is expected to close on November 13, 2025, subject to the satisfaction of customary closing conditions. Polaris intends to use the net proceeds from the offering to repay the Company's incremental term loan facility in full. Any remaining net proceeds will be used for general corporate purposes, which could include the repayment of outstanding borrowings under the Company's revolving loan facility.
The active joint book-running managers for the offering are: BofA Securities, Inc., Wells Fargo Securities, LLC, MUFG Securities Americas Inc. and
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offers to sell, or the solicitation of an offer to buy, and any sales, will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The notes are being offered pursuant to an effective shelf registration statement (File No. 333-275360) previously filed with the Securities and Exchange Commission (the "SEC"). The offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained on the SEC's website at http://www.sec.gov or by contacting BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street,
About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the RANGER, RZR and Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading
Cautionary Note Regarding Forward Looking Statements
All statements in this press release that are not historical are forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These "forward-looking statements" can generally be identified in this press release because the context of the statement will include words such as "believes," "should," "anticipates," "expects," "estimates" or words of similar import, regarding, among other things, the timing and size of the offering; the ability to complete the debt issuance and the expected use of the proceeds from the sale and issuance of the notes.
Actual results could differ materially from those projected in Polaris' forward-looking statements due to risks, uncertainties and other factors. These and other risks, assumptions and uncertainties are described in the prospectus in the section entitled "Risk Factors" and the documents incorporated by reference therein, including the section entitled "Item 1A. Risk Factors" in our Annual Report on Form 10‑K for the fiscal year ended December 31, 2024 and in other documents that are subsequently incorporated by reference. Should one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All forward-looking statements we make or that are made on our behalf are qualified by these cautionary statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, we do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this press release, whether as a result of new information, future events, changes in assumptions or otherwise.
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SOURCE Polaris Inc.
FAQ
What debt offering did Polaris (PII) announce on November 5, 2025?
When is the Polaris (PII) senior notes offering expected to close?
How will Polaris (PII) use the proceeds from the $500 million notes?
What is the maturity date for Polaris (PII) 5.600% senior notes?
Under what registration is Polaris (PII) offering the senior notes?
Who are the joint book‑running managers for Polaris (PII)'s offering?
