Churchill Downs Launches Proposed $500 Million Senior Secured Term Loan B

10:03 AM EDT, 09/14/2026 (MT Newswires) -- Churchill Downs (CHDN) is launching a proposed $500 million senior secured Term Loan B due 2033, the company said Monday. The company said it intends to use the net proceeds to repay outstanding Term Loan B loans, partially redeem its 5.50% senior notes due 2027, fund related transaction fees and expenses, and for working capital and other general corporate purposes. Price: 83.45, Change: -0.41, Percent Change: -0.49