Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Churchill Downs Inc incurred senior notes of $600 million with U.S. Bank Trust Company, National Association, as trustee at 6.750% maturing 2031.
- Instrument
- senior notes
- Principal
- $600 million
- Counterparty
- U.S. Bank Trust Company, National Association, as trustee
- Rate
- 6.750%
- Maturity
- 2031
- Event
- incurrence
Exact text from the filing
On April 25, 2023, Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN) issued $600 million in aggregate principal amount of 6.750% senior notes due 2031 (the “Notes”) in connection with its previously announced private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Churchill Downs Inc entered into Indenture with U.S. Bank Trust Company, National Association valued at $600 million (effective 2023-04-25).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $600 million
- Effective
- 2023-04-25
Exact text from the filing
On April 25, 2023, Churchill Downs Incorporated (“CDI”) (NASDAQ: CHDN) issued $600 million in aggregate principal amount of 6.750% senior notes due 2031 (the “Notes”) in connection with its previously announced private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). Indenture The terms of the Notes are governed by that certain Indenture (the “Indenture”) entered into on April 25, 2023 by and among CDI, the guarantors named therein (the “Guarantors”), and U.S. Bank Trust Company, National Association, as trustee.
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