secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001193125-23-115291
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs issues $600M of 6.750% senior notes due 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/0001193125-23-115291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000119312523115291/d53603d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115291

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