secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001140361-22-018956
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000114036122018956/0001140361-22-018956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000114036122018956/brhc10037600_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-018956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer