Churchill Downs launches $500M term loan to refinance debt
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Churchill Downs Incorporated Announces Launch of $500 Million Senior Secured Term Loan B Due 2033
September 14, 2026 8:30 AM EDTLOUISVILLE, Ky., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN, CDI, the Company) announced today that it is launching a proposed $500 million in aggregate principal amount of senior secured Term Loan B due 2033 (2033 TLB).Â
CDI intends to use the net proceeds from the 2033 TLB (i) to repay outstanding Term Loan B loans, (ii) to partially redeem 5.50% Senior Notes due 2027 (the 2027 Notes), (iii) to fund related transaction fees and expenses, and (iv) for working capital and other general corporate purposes.
There can be no assurances that the Company will be successful in... More
