Churchill Downs Extends Credit Facility to 2029

By Tamara Parker • Thursday, July 04 07:53 • Permanent Link

Churchill Downs Incorporated (CDI) has extended the maturity date of its revolving credit facility and term loan A facility from 2027 to 2029. The company also made certain other changes to its existing credit agreement.

In the last period, CDI successfully closed an amendment of its senior secured credit agreement to make these changes.

CDI, a company with over 150 years of experience in creating extraordinary entertainment experiences, is known for its iconic asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the Twinspires horse racing online wagering business, and the operation and development of regional casino gaming properties.

As a result of these announcements, the company's shares have moved 1.1% on the market, and are now trading at a price of $140.0. For the full picture, make sure to review Churchill Downs's 8-K report.

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