{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-048841","form_type":"8-K","ticker":"CHDN","cik":"0000020212","company_name":"Churchill Downs Inc","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.517227+00:00","generated_at":"2026-06-19T01:00:27.187445+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Churchill Downs increases Term Loan A by $500M to $1.3B, repays revolver","bullets":["Increased Term Loan A facility from $800M to $1.3B via Incremental Joinder Agreement No. 2.","Interest rate is SOFR-based plus a spread determined by CDI's total net leverage ratio.","Net proceeds used to repay outstanding revolver loans, pay fees, and for general corporate purposes.","Amendment dated February 24, 2023; JPMorgan Chase Bank, N.A. acts as Administrative Agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-048841","json":"https://secwatch.observer/filing/0001193125-23-048841.json","markdown":"https://secwatch.observer/filing/0001193125-23-048841.md","text":"https://secwatch.observer/filing/0001193125-23-048841.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20212/000119312523048841/0001193125-23-048841-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20212/000119312523048841/d454290d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:00:27.187445+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44bc53f7f6b4aa03c8a1418fbc6aeb201812c7a8","claim":"Churchill Downs Inc amended Incremental Joinder Agreement No. 2 with the lenders party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent valued at $500 million.","evidence_excerpt":"The Incremental Joinder provides for (i) an increase of the loans under the existing senior secured Term Loan A credit facility due 2027 (the “Increased Term Loan A”) from $800,000,000 to $1,300,000,000 and (ii) certain other amendments to the Credit Agreement, as set forth therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/20212/000119312523048841/0001193125-23-048841-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent"},{"label":"Value","value":"$500 million"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}