Churchill Downs Incorporated (CHDN) Extends Credit Lines, Prices $500M Term Loan B

Churchill Downs amended and extended its revolver and Term Loan A to 2031 and closed a new $500M Term Loan B due 2033 at SOFR+175 bps, issued at 99.875%. Proceeds will repay existing TLB and revolver, cover fees, and for general purposes. It also plans to redeem 5.50% notes due 2027.Material Detail…