---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-047965"
form_type: "8-K"
ticker: "CXW"
cik: "0001070985"
company_name: "CoreCivic, Inc."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:29:25.814070+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CoreCivic enters $400M credit facility, extends maturity to Oct 2028

## Summary
- New facility: $125M term loan + $275M revolver (up from $100M term + $250M revolver).
- Maturity extended to October 11, 2028, from May 12, 2026.
- Net borrowings of $33.8M received at closing; revolver undrawn except ~$17.4M in letters of credit.
- Financial covenants modified: total leverage ratio for springing lien raised to 4.25:1, removed $100M limit on cash netting.
- Benchmark switched from BSBY to SOFR; pricing structure maintained with similar margins.

## SEC filing metadata
- accession: 0001140361-23-047965
- form_type: 8-K
- ticker: CXW
- cik: 0001070985
- company_name: CoreCivic, Inc.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070985/000114036123047965/0001140361-23-047965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070985/000114036123047965/ef20012359_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-047965
- JSON: https://secwatch.observer/filing/0001140361-23-047965.json
- Plain text: https://secwatch.observer/filing/0001140361-23-047965.txt

## Key facts
- Debt Financings
  CoreCivic, Inc. incurred credit facility of $400 million with Alter Domus Products Corp. maturing October 11, 2028.
  - Instrument: credit facility
  - Principal: $400 million
  - Counterparty: Alter Domus Products Corp.
  - Maturity: October 11, 2028
  - Event: incurrence
  source text: the Company’s Third Amended and Restated Credit Agreement dated May 12, 2022. New Bank Credit Facility The New Bank Credit Facility is in the aggregate principal amount of $400 million, consisting of a $125 million term loan and a $275 million revolving credit facility that has a $25 million sublimit for swingline loans and a $100 million sublimit for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070985/000114036123047965/0001140361-23-047965-index.htm
- Material Agreements
  CoreCivic, Inc. entered into Fourth Amended and Restated Credit Agreement with certain lenders party thereto from time to time, and Alter Domus Products Corp., as Administrative Agent valued at $400 million (effective 2023-10-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: certain lenders party thereto from time to time, and Alter Domus Products Corp., as Administrative Agent
  - Value: $400 million
  - Effective: 2023-10-11
  source text: On October 11, 2023, CoreCivic, Inc., a Maryland corporation (the “Company”), entered into a Fourth Amended and Restated Credit Agreement dated as of October 11, 2023, by and among the Company, as Borrower, certain lenders party thereto from time to time, and Alter Domus Products Corp., as Administrative Agent for the lenders (the “New Bank Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070985/000114036123047965/0001140361-23-047965-index.htm

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