Polaris Inc

NYSE:PII   3:59:54 PM EDT
102.38
-1.58 (-1.52%)
Debt Financing / Related, Other Pre-Announcement

Polaris Announces Sale Of Transamerican Auto Parts To Clearlake Capital-Backed Wheel Pros

Published: 06/16/2022 21:19 GMT
Polaris Inc (PII) - Polaris Announces Sale of Transamerican Auto Parts to Clearlake Capital-backed Wheel Pros.
Polaris Inc - Transaction is Estimated to Drive $135 Million of Additional Cash Inflows for Polaris in Second Half of 2022.
Polaris Inc - Sale Price, Net of Cash, Debt, and Other Costs is Estimated at $50 Million.
Polaris Inc - Polaris Expects to Record an Impairment Charge, Net of Tax, of Approximately $140 Million.