Cahill Represents Initial Purchasers in a $1.2 Billion Notes Offering for Churchill Downs Incorporated
Date: 04/13/22
Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,200,000,000 aggregate principal amount of 5.750% senior notes due 2030 by CDI Escrow Issuer, Inc., a special purpose wholly-owned subsidiary of Churchill Downs Incorporated. Proceeds from the offering are intended to be used, upon release from escrow, to fund the acquisition of Peninsula Pacific Entertainment, LLC. Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company.