CoreCivic announces potential $130M sale of McRae facility; updates share repurchase activity

CoreCivic, Inc.

Georgia Building Authority approved purchase of 1,978-bed McRae Correctional Facility for $130M; sale expected Q3 2022 subject to definitive agreements.
Existing Fed BOP contract at McRae expires Nov 30, 2022 and is not expected to renew; temporary lease-back for up to 4 months.
Since May 16, 2022, repurchased 2.8M shares at avg $12.68 for $35M; $115M remains under authorized repurchase plan.
Repurchase plan has no time limit; management may conduct repurchases at discretion in open market or private transactions.

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