Churchill Downs Prices $500 Million Senior Secured Debt due 2033

05:33 PM EDT, 09/17/2026 (MT Newswires) -- Churchill Downs (CHDN) has priced $500 million of its senior secured term loan B due 2033 at secured overnight financing rate plus 175 basis points, the company said late Thursday. Net proceeds will be used to repay outstanding term loan B debts and revolving loans, cover related fees, and for general corporate purposes, the company said. Churchill said it also plans to issue a conditional redemption notice to redeem the 5.5% senior notes due 2027, and fund the redemption using its revolving credit facility.