Loan & DebtApr 10, 2026, 04:12 PM
CoreCivic Secures $100M Incremental Term Loan
AI Summary
CoreCivic, Inc. entered into a Second Amendment to its Fourth Amended and Restated Credit Agreement, securing a $100 million Incremental Term Loan from existing lenders. The company intends to use these funds to pay down a portion of its revolving credit facility and for general working capital and corporate purposes. Following this amendment, the aggregate principal amount of the Amended Credit Facility stands at $800 million.
Key Highlights
- Secured $100 million Incremental Term Loan.
- Amended Credit Facility now totals $800 million.
- Loan matures 364 days from April 10, 2026.
- Interest rate is 25 bps above existing applicable margin.
- Funds for Revolver paydown, working capital, general corporate purposes.