Churchill Downs Inc (CHDN) 2021-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD200.0007Jan-28Sr. UnsecuredB1B+-FixedTsy102.25-102.50102.50-103.252804.75%-103.25000
Tranche Comments
7 yr: Redemption: 2023-01-15; Registration: 144A/Reg S; Comments: US$200m add-on to the 4.75% 01/15/2028 at 103.25, yld 4.002%. Spread: T+280bp. MWC T+50bp Call Schedule: 01/15/2023 102.375%, 01/15/2024 101.583%, 01/15/2025 100.792%, 01/15/2026 and thereafter 100.00. Cusip 144a: 171484AE8. Settlement: 3/17/21;
Deal Comments
USD$200m tap of USD$500m 10yr 4.75% due 01/15/2028
Use of Proceeds
Refinancing and general corporate purposes
Research

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