CoreCivic, Inc.

CoreCivic, Inc. announced it has entered into a $500 million Accelerated Share Repurchase (ASR) agreement with a financial institution. This ASR is part of the company's recently expanded $755.8 million share repurchase program, with approximately $255.8 million remaining after the ASR's completion. The company expects an initial delivery of about 12.4 million shares and anticipates final settlement by the end of Q2 2027. As a result of the ASR, CoreCivic has updated its full-year 2026 financial guidance, increasing its diluted EPS and FFO per diluted share outlook.

CoreCivic reported strong revenue and EPS growth for the second quarter and year-to-date periods ended June 30, 2026, driven by strategic acquisitions. Q2 2026 revenue increased 27.3% to $684.9 million, while YTD basic EPS rose 31.0% to $0.76. The company also announced significant post-period divestments, including the sale of two detention facilities for an aggregate of $1.5 billion in July 2026 and two more for $734.0 million in August 2026, alongside debt repayments and ongoing share repurchases.

CoreCivic announced strong second quarter 2026 financial results, driven by facility activations and higher populations. Subsequent to quarter-end, the company sold four detention facilities for $2.2 billion in gross proceeds, resulting in an aggregate gain of $1.8 billion, significantly strengthening its balance sheet. The Board of Directors also expanded the share repurchase authorization by an additional $500 million, bringing the total authorization to $1.2 billion, and the company used proceeds from the sales to repay $1.1 billion in debt. Full-year 2026 guidance was updated to reflect these strategic actions.

CoreCivic, Inc. announced the sale of its 1,033-bed Midwest Regional Reception Center and 1,600-bed Prairie Correctional Facility to the Department of Homeland Security for an aggregate gross sales price of $734.0 million. After accounting for taxes and transaction costs, the company expects net proceeds of approximately $522.5 million, which it plans to use for general corporate purposes, including debt reduction and common stock repurchases. CoreCivic anticipates continuing to manage both facilities for U.S. Immigration & Customs Enforcement (ICE) and is in preliminary discussions for potential additional facility sales.

CoreCivic, Inc. announced strong second-quarter 2026 financial results, with total revenue increasing by 27.3% year-over-year to $684.9 million and Adjusted Diluted EPS rising 5.6% to $0.38. The company's Board of Directors authorized an additional $500.0 million for its share repurchase program, bringing the total authorization to $1.2 billion, with $755.8 million remaining. Subsequent to quarter-end, CoreCivic completed the sale of four detention facilities for $2.2 billion in gross proceeds, using a portion to repay $608.5 million in debt. The company also updated its full-year 2026 guidance, reflecting these strategic capital allocation decisions.

CoreCivic, Inc. announced the completion of the sale of its Prairie Correctional Facility and Midwest Regional Reception Center to the U.S. government for an aggregate gross sales price of $734.0 million. After taxes and transaction costs, the company anticipates net proceeds of approximately $522.5 million, which it plans to use for general corporate purposes, including debt reduction and common stock repurchases. CoreCivic expects to continue managing these facilities under existing contracts with ICE, and is also in preliminary discussions with ICE for potential additional facility sales.

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.

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.

CoreCivic, Inc. completed the sale of its California City and Otay Mesa detention facilities to the Department of Homeland Security for an aggregate gross sales price of $1.5 billion. After federal and state income taxes and transaction expenses, the company anticipates net proceeds of approximately $1.1 billion. CoreCivic plans to use these proceeds to repay $477.8 million in bank credit facility debt and $238.5 million in senior notes, with the remaining funds allocated for general corporate purposes, including potential additional debt repayments, share repurchases, and growth opportunities. The company expects to continue managing both facilities under existing contracts with U.S. Immigration & Customs Enforcement (ICE).

CoreCivic, Inc. announced the sale of its 2,560-bed California City Detention Facility and 1,994-bed Otay Mesa Detention Center to the United States for an aggregate gross sales price of $1.5 billion. After taxes and transaction expenses, the company anticipates net proceeds of approximately $1.1 billion. CoreCivic plans to use a significant portion of these proceeds to repay outstanding debt, including its Bank Credit Facility and 4.75% senior notes, with remaining funds for general corporate purposes, potentially including share repurchases. The company expects to continue managing both facilities under existing contracts with Immigration & Customs Enforcement (ICE).