Churchill Downs prices $500 million term loan and outlines refinancing
Churchill Downs ($CHDN) priced a $500 million senior secured term loan maturing in 2033. The borrowing carries interest at SOFR plus 1.75 percentage points and is issued at 99.875% of face value. Proceeds are intended to refinance existing term-loan and revolving-credit borrowings and cover related costs. The company also outlined a planned redemption of its 5.50% notes due in 2027, with revolving-credit funding expected to support that step. Closing remains subject to customary conditions, incl
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