---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-018956"
form_type: "8-K"
ticker: "CXW"
cik: "0001070985"
company_name: "CoreCivic, Inc."
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T16:11:49.159755+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-018956
- form_type: 8-K
- ticker: CXW
- cik: 0001070985
- company_name: CoreCivic, Inc.
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070985/000114036122018956/0001140361-22-018956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070985/000114036122018956/brhc10037600_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-018956
- JSON: https://secwatch.observer/filing/0001140361-22-018956.json
- Plain text: https://secwatch.observer/filing/0001140361-22-018956.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.