Motorsports promoter

International Speedway

(ISCA) - Get Report

closed on a five-year, $300 million revolving credit facility.

The facility also contains a feature that allows the company to increase it to a total of $500 million, subject to certain conditions.

Pricing on the facility ranges from Libor plus 0.3% to Libor + 0.8%, depending on the company's highest debt rating as determined by Moody's or S&P.

This story was created through a joint venture between TheStreet.com and IRIS.