debt
confidence high
sentiment neutral
materiality 0.60
Churchill Downs proposes $600M senior notes due 2031 to refinance Term Loan B
Churchill Downs Inc
- $600M aggregate principal of senior notes due 2031 in a private offering.
- Net proceeds to repay Term Loan B, fund fees, and for general corporate purposes.
- Notes offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
- Company will agree to register notes for resale after one year if not freely tradable.