CoreCivic announces $450M notes offering and tender for $593M of 8.25% 2026 notes

CoreCivic, Inc.

Up to $450M aggregate principal of senior unsecured notes due 2029 offered; proceeds to fund tender for $593.1M of 8.25% notes due 2026.
Tender offer at $1,043.75 per $1,000 principal plus accrued interest; expires March 11, 2024; settlement expected March 12.
Tender offer conditioned on completion of new notes offering generating at least $450M in proceeds.
Remaining 2026 notes after tender may be redeemed; CoreCivic also plans to use revolver borrowings and cash.
Underwriters: Citizens JMP (left lead), StoneX, FHN Financial, Wedbush, TCBI Securities.

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