Speedway seeks amendment to reduce revolver size, allow for notes sale

By Sara Rosenberg

New York, May 14 - Speedway Motorsports Inc. is looking to amend its revolving credit facility to reduce the size to $350 million from $500 million and allow for the issuance of senior unsecured notes, according to a news release.

Proceeds from the $250 million notes offering will be used to repay revolver borrowings.

The amendment and the sale of the senior notes are expected to be completed this month.

Speedway Motorsports is a Concord, N.C.-based marketer and promoter of motorsports entertainment.

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