Loan & DebtJul 13, 2026, 07:01 AM
CoreCivic to Redeem $238.47M Senior Notes Due 2027 Early
AI Summary
CoreCivic, Inc. announced its decision to fully redeem its outstanding $238,468,000 aggregate principal amount of 4.750% senior notes due 2027. The redemption will occur on August 12, 2026, ahead of their original maturity date of October 15, 2027. The company plans to use cash on hand to cover the redemption price, which includes the principal amount, a make-whole premium, and accrued interest.
Key Highlights
- CoreCivic will redeem its 4.750% senior notes due 2027.
- Outstanding principal amount of the 2027 Notes is $238,468,000.
- Redemption Date is set for August 12, 2026.
- Notes were originally scheduled to mature on October 15, 2027.
- Redemption price includes 100% of principal, make-whole premium, and accrued interest.
- CoreCivic intends to use cash on hand to fund the redemption.
Price Impact
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