Loan & DebtJul 13, 2026, 07:22 AM
CoreCivic to Redeem $238.5M Senior Notes Due 2027
AI Summary
CoreCivic, Inc. announced its decision to fully redeem its outstanding 4.750% senior notes due 2027 on August 12, 2026. The company will deliver an irrevocable notice to holders for the redemption of the $238,468,000 principal amount of notes, which were originally scheduled to mature on October 15, 2027. The redemption price will include 100% of the principal, a make-whole premium, and accrued interest, funded by cash on hand.
Key Highlights
- CoreCivic will redeem $238,468,000 outstanding principal of 4.750% senior notes due 2027.
- The original aggregate principal amount of the notes was $250,000,000.
- The redemption date is set for August 12, 2026.
- The notes were originally scheduled to mature on October 15, 2027.
- Redemption price includes 100% of principal, a make-whole premium, and accrued interest.
- The company intends to use cash on hand to fund the redemption.
Price Impact
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