CoreCivic, Inc. (CXW): debt financing — CoreCivic closes $500M 8.250% notes due 2029; 83.3% of 2026 notes tendered

CoreCivic, Inc.

Issued $500M aggregate principal of 8.250% senior unsecured notes due April 15, 2029; net proceeds ~$490.3M.
Tender offer for 2026 notes: $494.1M (83.3% of $593.1M) tendered, accepted at $1,043.75 per $1,000 plus accrued interest.
Net proceeds, plus revolver borrowings or cash, used to repurchase tendered 2026 notes; remaining notes may be redeemed.
Notes are senior unsecured, guaranteed by subsidiaries; covenants limit incurrence of debt, dividends, and liens.
Interest payable semi-annually on April 15 and October 15; redeemable at make-whole before April 15, 2026, then at step-down prices.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CoreCivic, Inc. incurred senior notes of $500 million aggregate principal amount with Equiniti Trust Company, LLC, as trustee at 8.250% maturing April 15, 2029.

Instrument: senior notes
Principal: $500 million aggregate principal amount
Counterparty: Equiniti Trust Company, LLC, as trustee
Rate: 8.250%
Maturity: April 15, 2029
Event: incurrence

Exact text from the filing

On March 12, 2024, CoreCivic, Inc., a Maryland corporation (the “Company”), completed the previously announced public offering (the “Notes Offering”) of $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029 (the “Notes”), which are fully and unconditionally guaranteed, on a senior unsecured basis, by the Guarantors (as defined below) (the “Guarantees”).

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

CoreCivic, Inc. entered into Base Indenture with Equiniti Trust Company, LLC valued at $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029 (effective 2024-03-12).

Action: entry
Agreement: notes offering
Counterparty: Equiniti Trust Company, LLC
Value: $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029
Effective: 2024-03-12

Exact text from the filing

On March 12, 2024, CoreCivic, Inc., a Maryland corporation (the “Company”), completed the previously announced public offering (the “Notes Offering”) of $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029 (the “Notes”), which are fully and unconditionally guaranteed, on a senior unsecured basis, by the Guarantors (as defined below) (the “Guarantees”).

View on SEC.gov

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

CoreCivic, Inc. entered into Supplemental Indenture with Equiniti Trust Company, LLC and the subsidiary guarantors set forth therein valued at $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029 (effective 2024-03-12).

Action: entry
Agreement: notes offering
Counterparty: Equiniti Trust Company, LLC and the subsidiary guarantors set forth therein
Value: $500 million aggregate principal amount of 8.250% senior unsecured notes due 2029
Effective: 2024-03-12

Exact text from the filing

the supplemental indenture dated as of March 12, 2024 (the “Supplemental Indenture”), by and among the Company, the Trustee, and the subsidiary guarantors set forth therein (the “Guarantors”).

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299 debt financings filed in the last 30 days. Browse all debt financings →

CoreCivic, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-012872

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