India, July 2 -- Polaris Inc. (PII), a manufacturer of powersports vehicles and products, on Wednesday announced that the company fully repaid all $350 million of its outstanding Senior Notes due 2028. The debt prepayment was funded through revolving loans under the company's senior credit facilities.
On June 27, the company amended its existing credit facilities, originally dated July 2, 2018.
The amendment to the credit agreement includes key updates such as extending the maturity date of the incremental term loan to June 26, 2026, and modifying financial covenants for a covenant relief period from June 30, 2025, to June 30, 2026, or an earlier date set by the company.
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