secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001193125-24-175054
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs closes credit amendment, extending revolver and term loan A maturities to 2029
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- Maturity date of Revolver and Term Loan A extended from 2027 to July 3, 2029, subject to springing maturity clause.
- Loans bear interest at SOFR plus applicable margin based on CDI's and guarantors' leverage ratio.
- Guarantors guarantee obligations; secured by substantially all assets of borrower and guarantors.
- Sixth Amendment includes other changes to existing credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000119312524175054/0001193125-24-175054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000119312524175054/d858296d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-175054

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