Polaris Industries (PII) Prices $500M Notes Offering

Polaris Inc. (NYSE: PII) today announced the pricing of an underwritten public offering of senior notes consisting of $500 million aggregate principal amount of its 6.950% senior notes due 2029 (the "notes").

The sale of the notes is expected to close on November 16, 2023, subject to customary closing conditions. Polaris intends to use the net proceeds from the offering to repay certain indebtedness outstanding under the Company's credit agreement and for general corporate purposes.

The active joint book-running managers for the offering are: Citigroup Global Markets Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC.

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 ("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 website at http://www.sec.gov or by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at +1-800-831-9146 or by email at [email protected]; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attention: Prospectus Department, or by telephone at +1-800-294-1322 or by email at [email protected]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at +1-866-803-9204.

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