CoreCivic enters $350M credit facility: $100M term loan + $250M revolver, matures May 2026

CoreCivic, Inc.

New $350M credit agreement replaces existing senior secured credit facilities.
Facility consists of $100M term loan and $250M revolving line (incl. $25M swingline, $100M L/C sublimit).
Maturity set at May 12, 2026; initial base rate margin 2.25%, BSBY rate margin 3.25%.
Covenants: total leverage ≤4.50x, secured leverage ≤2.50x, fixed charge coverage ≥1.75x.
Collateral includes equity of domestic subsidiaries, accounts receivable, deposit accounts.

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