Churchill Downs to repay senior credit facility via notes offering

By Tali David

Minneapolis, Dec. 9 - Churchill Downs Inc. plans to repay a portion of the outstanding borrowings under its senior secured credit facility with the proceeds from a senior notes offering, according to a press release.

Proceeds will also be used to pay accrued and unpaid interest, including fees and expenses incurred in connection with the transactions.

Churchill Downs is a Louisville, Ky.-based owner and operator of Thoroughbred racing facilities.

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