Speedway Motorsports in talks with lenders on $250 million facility

By Sara Rosenberg

New York, Jan. 21 - Speedway Motorsports Inc. is in negotiations with lenders on a new $250 million four-year credit facility, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The facility consists of a $100 million revolver and a $150 million term loan.

Proceeds will be used to refinance an existing credit facility.

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

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