Churchill Downs Incorporated Announces Repurchase of One Million Shares for $123.75 per Share

December 19, 2023

https://www.globenewswire.com/news-release/2023/12/18/2798163/12388/en/Churchill-Downs-Incorporated-Announces-Repurchase-of-One-Million-Shares-for-123-75-per-Share.html

LOUISVILLE, Ky., Dec. 18, 2023 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq:CHDN) announced today that the Company has agreed to repurchase 1,000,000 shares of its common stock for $123.75 per share from an affiliate of The Duchossois Group, Inc. in a privately negotiated transaction. The aggregate purchase price is $123.75 million. CDI will repurchase the shares using available cash and borrowings under its senior secured credit facility. The transaction is expected to close on January 2, 2024.

Read more at globenewswire.com

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