{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-115291","form_type":"8-K","ticker":"CHDN","cik":"0000020212","company_name":"Churchill Downs Inc","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.660261+00:00","generated_at":"2026-06-16T17:04:07.109582+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Churchill Downs issues $600M of 6.750% senior notes due 2031","bullets":["Issued $600M of 6.750% senior notes due 2031 with interest payable May 1 and Nov 1.","Notes redeemable at make-whole premium before May 1, 2026; thereafter at set prices.","Up to 40% of notes may be redeemed at 106.750% using equity offering proceeds before May 2026.","Change of control trigger requires offer to repurchase notes at 101% of principal plus interest.","Indenture restricts debt incurrence, dividends, investments, asset sales, and affiliate transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-115291","json":"https://secwatch.observer/filing/0001193125-23-115291.json","markdown":"https://secwatch.observer/filing/0001193125-23-115291.md","text":"https://secwatch.observer/filing/0001193125-23-115291.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/0001193125-23-115291-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/d53603d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T17:04:07.109582+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":"b69179c447752745d8165be758e8442a31b4012a","claim":"Churchill Downs Inc incurred senior notes of $600 million with U.S. Bank Trust Company, National Association, as trustee at 6.750% maturing 2031.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/0001193125-23-115291-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"6.750%"},{"label":"Maturity","value":"2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f901d397d4245c66b51d8bcdf470fede70ad781f","claim":"Churchill Downs Inc entered into Indenture with U.S. Bank Trust Company, National Association valued at $600 million (effective 2023-04-25).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/0001193125-23-115291-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$600 million"},{"label":"Effective","value":"2023-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}