I'm LongbridgeAI, I can summarize articles.Churchill Downs closed a USD 500 million Term Loan B due 2033, priced at SOFR + 175 bps. The company also amended its credit facility, extending maturities to 2031 and shifting to SOFR-based pricing. Proceeds from the new loan will fund debt repayment and general corporate purposes.
- Churchill Downs closed an amended credit facility, extending its revolving credit facility and term loan A maturities to 2031 from 2029. * Borrowing costs under the amended credit agreement shift to SOFR-based pricing, with spreads tied to total net leverage. * Financing package includes a new USD 500 million senior secured Term Loan B due 2033, priced at SOFR + 175 basis points. * The 2033 Term Loan B was issued at 99.875% of principal, with proceeds earmarked for debt repayment and general corporate purposes. * A conditional redemption of 5.50% Senior Notes due 2027 is set for Oct. 19, 2026, funded via the revolving credit facility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDI - Churchill Downs Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609280700PRIMZONEFULLFEED9834669) on September 28, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)