---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-295590"
form_type: "8-K"
ticker: "CXW"
cik: "0001070985"
company_name: "CoreCivic, Inc."
filed_at: "2026-07-06T12:00:30+00:00"
generated_at: "2026-07-06T12:05:08.997418+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CoreCivic sells two detention facilities to DHS for $1.5B; net proceeds ~$1.1B

## Summary
- Sold California City (2,560 beds) for $732.6M and Otay Mesa (1,994 beds) for $739.2M to DHS.
- Net proceeds after ~$0.4B taxes and expenses expected to be ~$1.1B.
- Proceeds to repay $477.8M bank credit facility and $238.5M of 4.75% senior notes due 2027.
- Company expects to continue managing both facilities under existing ICE contracts (California City expires Aug 2027, Otay Mesa Dec 2029 with 5-yr extension).
- CEO cites fair valuation, balance sheet flexibility, potential for additional sales and share repurchases.

## SEC filing metadata
- accession: 0001193125-26-295590
- form_type: 8-K
- ticker: CXW
- cik: 0001070985
- company_name: CoreCivic, Inc.
- filed_at: 2026-07-06T12:00:30+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070985/000119312526295590/0001193125-26-295590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070985/000119312526295590/d110529d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-295590
- JSON: https://secwatch.observer/filing/0001193125-26-295590.json
- Plain text: https://secwatch.observer/filing/0001193125-26-295590.txt

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