Churchill Downs prices $500 million term loan due 2033
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Churchill Downs Incorporated Announces Pricing of $500 Million Senior Secured Term Loan B Due 2033
September 17, 2026 5:04 PM EDTLOUISVILLE, Ky., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN, CDI, the Company) announced today that it successfully priced its previously announced $500 million in aggregate principal amount of senior secured Term Loan B due 2033 (2033 TLB). The 2033 TLB priced at SOFR plus 175 basis points and issued at 99.875% of the principal amount.
CDI intends to use the net proceeds from 2033 TLB (i) to repay outstanding Term Loan B loans, (ii) to repay outstanding revolving loans, (iii) to fund related transaction fees and expenses, and (iv) for working capital and other general corporate purposes.
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