---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-027242"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:43:34.471367+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs amends credit agreement, reduces Term Loan B-1 margin by 0.25%

## Summary
- Reduced Term Loan B-1 interest margin by 0.25% and eliminated 0.10% credit spread adjustment; new rate SOFR + 1.75%.
- Amendment closed February 14, 2025; JPMorgan Chase acted as administrative agent and fronting lender.
- Term Loan B-1 continues to be secured by substantially all assets of Churchill Downs and its guarantors.

## SEC filing metadata
- accession: 0001193125-25-027242
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000119312525027242/0001193125-25-027242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000119312525027242/d916166d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-027242
- JSON: https://secwatch.observer/filing/0001193125-25-027242.json
- Plain text: https://secwatch.observer/filing/0001193125-25-027242.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.