Churchill Downs launches proposed USD 500 million senior secured term loan B due 2033 - CHDN News | RalliesChurchill Downs launches proposed USD 500 million senior secured term loan B due 2033
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CHDN• Proposed financing and planned debt repayment
- Churchill Downs launched a proposed USD 500 million senior secured Term Loan B due 2033.
- Proceeds earmarked to repay outstanding Term Loan B borrowings.
- Funds also targeted for a partial redemption of 5.50% Senior Notes due 2027.
- Transaction remains subject to market conditions, customary closing terms, fees, expenses, working capital needs, general corporate purposes.
- Financing subject to customary gaming regulatory conditions; the announcement does not constitute a redemption notice for the 2027 Notes.
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