Finance

Churchill Downs to raise $500m through notes offering and term loan

| By Nosa Omoigui
Racing and gaming operator Churchill Downs Incorporated (CDI) aims to raise more than $500m through a combination of a term loan and an offering of senior notes.
CDI raise funds

The loan will raise $300m, while the notes offering will have an aggregate principal value of $200m.

The notes have been priced at 103.25% of the principal amount, or $206.5m. The loan’s interest rate is set at two percentage points above the London Interbank Offered Rate (LIBOR), a global interest rate standard.

Read the full story on iGB North America

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