Arctic Cat Announces New Senior Credit Facility Agreement

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Thu Nov 12, 2009 11:41am EST

MINNEAPOLIS--(Business Wire)--
Arctic Cat Inc. (NASDAQ: ACAT) announced today that it finalized a new
three-year, $60 million senior secured revolving credit facility. The facility
is available for the company`s ongoing working capital needs and general
corporate purposes. Bank of America, N.A., structured and underwrote the new
facility, which replaces an existing credit facility that expires in March 2010.


"Securing this credit facility provides us with the flexibility to achieve our
strategic objectives and grow Arctic Cat`s business," said Christopher Twomey,
Arctic Cat`s chairman and chief executive officer. "We are pleased with the
agreement and with having Bank of America as a strategic partner going forward."


About Arctic Cat

Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain
vehicles (ATVs) and snowmobiles under the Arctic Cat brand name, as well as
related parts, garments and accessories. Its common stock is traded on the
Nasdaq Global Select Market under the ticker symbol "ACAT." More information
about Arctic Cat and its products is available at www.arcticcat.com. 

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for
certain forward-looking statements. The Company`s Annual Report, as well as the
Report on Form 10-K, its Quarterly Report on Form 8-K and other filings with the
Securities and Exchange Commission, the Company`s press releases and oral
statements made with the approval of an authorized executive officer, contain
forward-looking statements that reflect the Company`s current views with respect
to future events and financial performance. These forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from historical results or those anticipated. The words "aim,"
"believe," "expect," "anticipate," "intend," "estimate" and other expressions
that indicate future events and trends identify forward-looking statements.
Actual future results and trends may differ materially from historical results
or those anticipated depending on a variety of factors, including, but not
limited to: product mix and volume; competitive pressure on sales and pricing;
cost and availability of financing for the Company, our dealers and our
suppliers; increase in material or production cost which cannot be recouped in
product pricing; changes in the sourcing of snowmobile engines from Suzuki;
warranty expenses; foreign currency exchange rate fluctuations; product
liability claims and other legal proceedings in excess of insured amounts;
environmental and product safety regulatory activity; effects of the weather;
overall economic conditions; and consumer demand and confidence. The Company
does not undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise.

Arctic Cat Inc.
Timothy C. Delmore, 763-354-1800
Chief Financial Officer
or
Padilla Speer Beardsley Inc.
Shawn Brumbaugh, 612-455-1754 

Copyright Business Wire 2009

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