---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-403885"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2026-09-28T13:23:00+00:00"
generated_at: "2026-10-12T13:32:58.060835+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs closes amended credit facility, extends revolver/TLA to 2031, issues $500M Term Loan B due 2033

## Summary
- New $500M senior secured Term Loan B due 2033 priced at SOFR+175bps and issued at 99.875% of principal; replaces existing term loan B-1.
- Eighth Amendment dated Sept 25, 2026 extends Revolver and Term Loan A maturities from 2029 to Sept 25, 2031; JPMorgan Chase Bank is administrative agent.
- Net proceeds repay term loan B-1 and outstanding revolver borrowings, pay transaction fees, and fund working capital and general corporate purposes.
- CDI issued a conditional redemption notice Sept 18, 2026 to redeem its 5.50% Senior Notes due 2027 on Oct 19, 2026, funded from the revolver.
- Revolver, Term Loan A and 2033 TLB are guaranteed by subsidiary guarantors and secured by substantially all assets of CDI and the guarantors.

## SEC filing metadata
- accession: 0001193125-26-403885
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2026-09-28T13:23:00+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000119312526403885/0001193125-26-403885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000119312526403885/d166307d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-403885
- JSON: https://secwatch.observer/filing/0001193125-26-403885.json
- Plain text: https://secwatch.observer/filing/0001193125-26-403885.txt

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