Polaris has entered into an incremental $300 million 364-day unsecured term-loan facility to further increase the company's liquidity position.
"During this pandemic-related lockdown of the global economy, we remain committed to prudently managing the company's financial resources for the long term. Execution of this new term loan with our long-standing banking partners provides us with an additional liquidity buffer to navigate these uncertain times," said Mike Speetzen, Polaris' Executive Vice President and Chief Financial Officer.