Cahill Represents Initial Purchasers in a $600 Million Notes Offering for Churchill Downs Incorporated
Cahill represented the initial purchasers in connection with a Rule 144A offering of $600,000,000 aggregate principal amount of 6.750% senior notes due 2031 by Churchill Downs Incorporated. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes. Churchill Downs Incorporated has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the Company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, Churchill Downs has expanded through the development of live and historical racing entertainment venues, the growth of its horse racing online wagering business and the operation and development of regional casino gaming properties.