CoreCivic, Inc.

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).

CoreCivic, Inc. held its 2026 annual meeting of stockholders on May 14, 2026, with approximately 90.56% of shares represented. Stockholders elected eleven directors to the Board, ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026, and approved the compensation of named executive officers on an advisory basis. All proposals submitted to a vote were approved by the stockholders.

CoreCivic reported strong first-quarter 2026 financial results with significant increases in revenue, net income, and earnings per share compared to the prior year. The company also continued its share repurchase program, buying back 2.3 million shares for $44.7 million, and increased its revolving credit facility usage. Cash and cash equivalents saw a substantial increase, while net cash from operating activities decreased. The accounting for the Farmville Detention Center acquisition was finalized during the quarter.

CoreCivic reported strong first quarter 2026 financial results, driven by the activation of four previously idled facilities and increased demand from government partners. The company announced the acquisition of Clinical Solutions Pharmacy (CSP) for approximately $148.0 million, aiming to diversify cash flows and expand into a complementary business. Following these developments, CoreCivic increased its full-year 2026 financial guidance, despite a temporary decrease in nationwide ICE populations.

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.