CoreCivic prices $500M 8.25% senior notes due 2029, upsized from $450M

CoreCivic, Inc.

Aggregate principal of $500M upsized from originally announced $450M; net proceeds ~$490.3M.
Notes bear 8.25% annual interest, mature 2029; unsecured senior obligations guaranteed by certain subsidiaries.
Proceeds, with revolver borrowings and cash, to fund tender offer for all $593.1M outstanding 8.25% notes due 2026.
Underwriting agreement with Citizens JMP Securities as left lead; expected closing March 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CoreCivic, Inc. entered into Underwriting Agreement with Citizens JMP Securities, LLC, as representative of the underwriters valued at $500 million (effective 2024-03-05).

Action: entry
Agreement: underwriting
Counterparty: Citizens JMP Securities, LLC, as representative of the underwriters
Value: $500 million
Effective: 2024-03-05

Exact text from the filing

On March 5, 2024, CoreCivic, Inc., a Maryland corporation (the “Company”), and the subsidiary guarantors of the Company named therein (the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citizens JMP Securities, LLC, as representative of the underwriters listed on Schedule A thereto (the “Underwriters”), for the issuance and sale of $500 million aggregate principal amount of the Company’s 8.250% senior unsecured notes due 2029 (the “Notes”).

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CoreCivic, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-011861

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