Business

Churchill Downs ups borrowing limit

Churchill Downs Inc. announced Tuesday that it has increased its borrowing limit from $120 million to $275 million, which will be used for acquisitions by Churchill Downs Inc. and its subsidiaries, among other things, according to a company news release.

The new four-year line of credit also has a $100 million "accordion" feature, which could provide even more borrowing capacity. The facility also will be used to refinanced its existing credit, for working capital, and for general corporate purposes.

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