Polaris Announces Pricing of $500 Million of Senior Notes
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).
Polaris (NYSE: PII) ha annunciato un'offerta pubblica garantita di $500 milioni di importo principale aggregato di note senior al tasso del 5,600% con scadenza nel 2031. La vendita è prevista chiudersi il 13 novembre 2025, soggetta alle consuete condizioni di chiusura. Polaris intende utilizzare i proventi netti per rimborsare integralmente la sua linea di prestito a termine incrementale, e eventuali proventi rimanenti saranno disponibili per scopi aziendali generali, che potrebbero includere il rimborso di prestiti sotto la sua linea di prestito rotativo. Le note sono offerte ai sensi di una registrazione su shelf efficace (File No. 333-275360).
Polaris (NYSE: PII) ha fijado una oferta pública garantizada por $500 millones en monto principal agregado de notas senior al 5,600% con vencimiento en 2031. La venta se espera que cierre el 13 de noviembre de 2025, sujeta a las condiciones de cierre habituales. Polaris tiene la intención de usar los ingresos netos para pagar por completo su facilidad de préstamo a término incremental, y cualquier monto restante estará disponible para fines corporativos generales, que podrían incluir el pago de préstamos bajo su facilidad de crédito revolvente. Las notas se ofrecen bajo una registro de prospecto vigente (File No. 333-275360).
Polaris (NYSE: PII)가 $500 백만의 총원금으로 5.600%의 이자율을 가진 선순위 채권을 만기 2031년으로 설정한 공개 매출을 가격했다. 매출은 일반적인 종결 조건에 따라 2025년 11월 13일에 종결될 것으로 예상된다. Polaris는 순이익을 추가 만기 대출 시설을 전액 상환하는 데 사용할 계획이며, 남은 수익은 일반 기업 용도로 사용 가능하며 순환 대출 시설 하의 차입 상환을 포함할 수 있다. 이 채권은 유효한 셀프(선반) 등록(File No. 333-275360) 하에 제공된다.
Polaris (NYSE: PII) a fixé une offre publique garantie d'un montant principal aggregé de $500 millions de notes seniors au coupon de 5,600 % arrivant à échéance en 2031. La vente devrait être clôturée le 13 novembre 2025, sous réserve des conditions de clôture habituelles. Polaris a l’intention d’utiliser le produit net pour rembourser intégralement sa facilité de prêt à terme additionnelle, et tout produit restant sera disponible pour des besoins généraux de l’entreprise, ce qui pourrait inclure le remboursement des emprunts sous sa facilité de crédit revolvente. Les notes sont offertes dans le cadre d’un enregistrement shelf efficace (Dossier No. 333-275360).
Polaris (NYSE: PII) hat eine unterzeichnete öffentliche Angebot von $500 Millionen Nennbetrag von vorrangigen Anleihen mit einem Zinssatz von 5,600 % bis 2031 aufgelegt. Der Verkauf soll voraussichtlich am 13. November 2025 abgeschlossen werden, vorbehaltlich der üblichen Abschlussbedingungen. Polaris beabsichtigt, den Nettoprognosen zu verwenden, um vollständig seine zusätzliche Term Loan Facility zurückzuzahlen, wobei verbleibende Mittel für allgemeine Unternehmenszwecke verwendet werden könnten, einschließlich der Rückzahlung von Darlehen unter seiner revolvierenden Kreditfazilität. Die Anleihen werden im Rahmen einer wirksamen Shelf-Registrierung angeboten (Datei Nr. 333-275360).
Polaris (NYSE: PII) أعلنت عن عرض عام مضمون لإجمالي قيمة أصلية قدرها $500 مليون من سندات من الدرجة الأولى بفائدة 5.600% تستحق في 2031. من المتوقع أن يكتمل البيع في 13 نوفمبر 2025، رهنًا بالشروط المعتادة للإغلاق. تعتزم Polaris استخدام صافي العوائد لسداد كامل تسهيلات القرض الطويلة الإضافية، مع إمكان استخدام أي عوائد متبقية لأغراض عامة للشركة، وهو ما قد يشمل سداد الاقتراضات بموجب تسهيلها الائتماني القابل للد revolver. تُعرض السندات بموجب سجل رف shelf فعال (رقم الملف 333-275360).
- $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
- New fixed obligation at 5.600% through 2031
- Closing is subject to customary conditions; not final until Nov 13, 2025
Insights
Polaris priced $500 million of 5.600% senior notes due
Polaris issued $500 million of senior notes at a coupon of
The primary dependency is successful closing on
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?
