Cordova International Raceway hosts about 120 events each year, with its marquee IHRA NitroJam and the sanctioning body's World Series of Drag Racing.

With financing of $50-plus million from TPG Specialty Lending, IRG Sports + Entertainment was able to pay off current debt, buy two more racetracks and put $10 million into capital improvement. Jason Rittenberry, IRG president and CEO, said the new credit facility is a small percentage of equity but mostly new debt for the $45-million...

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