secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001193125-23-048841
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs increases Term Loan A by $500M to $1.3B, repays revolver
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000119312523048841/0001193125-23-048841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000119312523048841/d454290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-048841

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