Churchill Downs Incorporated’s $200 Million Notes Offering

Cahill represented the initial purchasers in the transaction.

Churchill Downs Incorporated executed its $200,000,000 aggregate principal amount of 4.75% senior notes due 2028.

Proceeds from the add-on debt offering were used to refinance existing indebtedness and for general corporate purposes.

Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by its iconic annual flagship horserace – the Kentucky Derby. 

Cahill represented the initial purchasers, led by J.P. Morgan Securities LLC, with Douglas S. Horowitz (Picture), Marc R. Lashbrook, Ted B. Lacey, Stephen G. Harper, Jon-Michael Giannuzzi, Christopher Bevan, Michael Dvorak, Eboney J. Hutt, Xin Zhou (Richard) Pan, Timothy P. Cusack, and Christopher Piazza.

Involved fees earner: Christopher Bevan – Cahill Gordon & Reindel; Michael Dvorak – Cahill Gordon & Reindel; Jon-Michael Giannuzzi – Cahill Gordon & Reindel; Stephen Harper – Cahill Gordon & Reindel; Douglas Horowitz – Cahill Gordon & Reindel; Eboney Hutt – Cahill Gordon & Reindel; Ted Lacey – Cahill Gordon & Reindel; Marc Lashbrook – Cahill Gordon & Reindel; Xin Zhou Pan – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: J.P. Morgan Securities LLC;

Author: Martina Bellini