CoreCivic

CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call Dates

Retrieved on: 
Monday, April 8, 2024
Telephone, Webcast, CoreCivic, CXW

BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024.

Key Points: 
  • BRENTWOOD, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024.
  • A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, May 9, 2024.
  • Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
  • Participants may access the audio-only webcast of the conference call from the Company's website at www.corecivic.com under the “ Events & Presentations ” section of the "Investors" page.

CoreCivic to Redeem 8.250% Senior Notes Due 2026

Retrieved on: 
Friday, March 15, 2024
CoreCivic, Note, Redemption, Hand, CXW

BRENTWOOD, Tenn., March 15, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it is delivering an irrevocable notice to the holders of all of CoreCivic’s previously issued $675,000,000 original aggregate principal amount of 8.250% senior unsecured notes due 2026 (the “2026 Notes”) that CoreCivic has elected to redeem in full the 2026 Notes that remain outstanding on April 15, 2024 (the “Redemption Date”).

Key Points: 
  • BRENTWOOD, Tenn., March 15, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it is delivering an irrevocable notice to the holders of all of CoreCivic’s previously issued $675,000,000 original aggregate principal amount of 8.250% senior unsecured notes due 2026 (the “2026 Notes”) that CoreCivic has elected to redeem in full the 2026 Notes that remain outstanding on April 15, 2024 (the “Redemption Date”).
  • The 2026 Notes were otherwise scheduled to mature on April 15, 2026.
  • The 2026 Notes will be redeemed at a redemption price equal to 104.125% of the principal amount of the then outstanding 2026 Notes, plus accrued and unpaid interest on such 2026 Notes to, but not including, the Redemption Date (the “Redemption Price”).
  • This press release shall not constitute a notice of redemption of the 2026 Notes.

CoreCivic Announces Closing of Offering of $500 Million of 8.250% Senior Notes Due 2029 and Expiration and Results of Tender Offer for 2026 Notes

Retrieved on: 
Tuesday, March 12, 2024
Guaranteed, CoreCivic, CXW, Settlement date, Form, Telephone, Sale, Security (finance), Prospectus, Tender offer, Expiration, Tender

The Notes are senior unsecured obligations of CoreCivic and are guaranteed by all of its subsidiaries that guarantee CoreCivic’s senior secured credit facilities, the $243.1 million outstanding aggregate principal amount of its 4.750% senior unsecured notes due October 2027, with an original aggregate principal amount of $250 million, and 8.250% senior unsecured notes due 2026 (the “2026 Notes”).

Key Points: 
  • The Notes are senior unsecured obligations of CoreCivic and are guaranteed by all of its subsidiaries that guarantee CoreCivic’s senior secured credit facilities, the $243.1 million outstanding aggregate principal amount of its 4.750% senior unsecured notes due October 2027, with an original aggregate principal amount of $250 million, and 8.250% senior unsecured notes due 2026 (the “2026 Notes”).
  • CoreCivic also announced today the expiration and results of its previously announced cash tender offer (the “Tender Offer”) for any and all of the 2026 Notes, which expired at 5:00 p.m., New York City time, on March 11, 2024 (the “Expiration Time”).
  • As of the Expiration Time, $494,103,000 aggregate principal amount of 2026 Notes, or approximately 83.3% of the aggregate principal amount of 2026 Notes outstanding, had been validly tendered and not validly withdrawn, not including any 2026 Notes that may be validly tendered pursuant to guaranteed delivery procedures.
  • CoreCivic today accepted for purchase and paid for all the 2026 Notes validly tendered in the Tender Offer at or prior to the Expiration Time and not validly withdrawn before the Expiration Time.

CoreCivic Appoints Catherine Hernandez-Blades and Alexander R. Fischer to its Board of Directors; CoreCivic Also Announces Planned Retirement of Long-Term Board Member Donna Alvarado

Retrieved on: 
Thursday, March 7, 2024
Ohio State University, Seminar, CoreCivic, University, Aflac, Annual general meeting, Advisory board, Federation, Marketing, Economic development, SAIC, Raytheon Technologies, WMS, Mass communication, Hospital, Battelle Memorial Institute, CXW, Partner, Business, Chair, Operation Homefront, Commissioner, Commercialization, Advanced Drainage Systems, Nationwide, Flex (company), Trustee, Government, Audit committee, Executive, Lockheed, Management

Both Ms. Hernandez-Blades and Mr. Fischer are expected to join various board committees in the future.

Key Points: 
  • Both Ms. Hernandez-Blades and Mr. Fischer are expected to join various board committees in the future.
  • "We are pleased to have Catherine and Alex join our Board of Directors," said Damon Hininger, CoreCivic's President and Chief Executive Officer.
  • "Catherine brings decades of executive leadership experience in government relations, communications, and marketing in both the private and the public sectors.
  • Catherine also provides community support as a board member at several non-profits.

CoreCivic Announces Upsizing and Pricing of $500 Million 8.25% Senior Notes Due 2029

Retrieved on: 
Tuesday, March 5, 2024
Prospectus, CoreCivic, Telephone, Sale, Form, CXW, Tender offer, Security (finance), Form S-3

BRENTWOOD, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it successfully upsized and priced its offering of $500 million aggregate principal amount of 8.25% senior notes due 2029 (the “Notes”).

Key Points: 
  • BRENTWOOD, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it successfully upsized and priced its offering of $500 million aggregate principal amount of 8.25% senior notes due 2029 (the “Notes”).
  • The aggregate principal amount of the Notes to be issued in the offering was increased to $500 million from the previously announced $450 million.
  • The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its existing senior secured credit facilities, 4.75% senior unsecured notes due October 2027 and 8.25% senior unsecured notes due 2026 (the “2026 Notes”).
  • The aggregate net proceeds from the sale of the Notes are expected to be approximately $490.3 million, after deducting the underwriting discounts and estimated offering expenses.

CoreCivic, Inc. Announces Cash Tender Offer for Any and All of Its Outstanding 8.25% Senior Notes Due 2026

Retrieved on: 
Monday, March 4, 2024
Note, Sale, Tender offer, CUSIP, CoreCivic, Tender

Tendered 2026 Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) in the event the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after the commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after the commencement of the Tender Offer.

Key Points: 
  • Tendered 2026 Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) in the event the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after the commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after the commencement of the Tender Offer.
  • The Tender Offer is not conditioned upon any minimum amount of 2026 Notes being tendered, and the Notes Offering is not conditioned on the completion of the Tender Offer.
  • Full details of the terms and conditions of the Tender Offer are described in the Tender Offer Documents.
  • Holders of the 2026 Notes are encouraged to read the Tender Offer Documents, as such documents contain important information regarding the Tender Offer.

CoreCivic Announces Proposed $450 Million Senior Notes Offering

Retrieved on: 
Monday, March 4, 2024
Prospectus, CoreCivic, Telephone, Sale, Form, CXW, Tender offer, Security (finance), Form S-3

BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it intends to offer, subject to market and other conditions, up to $450 million aggregate principal amount of senior notes due 2029 (the “Notes”).

Key Points: 
  • BRENTWOOD, Tenn., March 04, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it intends to offer, subject to market and other conditions, up to $450 million aggregate principal amount of senior notes due 2029 (the “Notes”).
  • The Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its existing senior secured credit facilities, 4.75% senior unsecured notes due October 2027 and 8.25% senior unsecured notes due 2026 (the “2026 Notes”).
  • There can be no assurance that the offering of the Notes or the Tender Offer will be consummated.
  • The offering of the Notes is being made solely by means of a prospectus supplement and an accompanying prospectus.

CoreCivic Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 7, 2024
EPS, Travel, California Department, ICE, Coronavirus, Economy, Net, North Fork Correctional Facility, Tallahatchie County Correctional Facility, CoreCivic, Rehabilitation, California City Correctional Facility, Share repurchase, CXW, Note, Corrections, ODC, Bloomberg, Funds from operations, Credit, Depreciation, State, Crossroads Correctional Center, FFO, Supplement, Government, Tax, Debt-to-GDP ratio, Documentation, Bed, COVID-19, GAAP, Tallahatchie, Investment, Bank statement, Property management

BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023. 

Key Points: 
  • BRENTWOOD, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2023.
  • Commenting on financial results for the quarter, Hininger added, "We are pleased with CoreCivic's financial performance for 2023, as we exceeded the financial guidance for the fourth quarter we provided in November 2023, and ended up in the top half of the financial guidance range we provided in February 2023 for Net income, Diluted EPS, FFO per diluted share and EBITDA.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $90.1 million in the fourth quarter of 2023, compared with $87.0 million in the fourth quarter of 2022.
  • Adjusted EBITDA, which excludes special items, was $90.0 million in the fourth quarter of 2023, compared with $87.7 million in the fourth quarter of 2022.

CoreCivic Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates

Retrieved on: 
Tuesday, January 16, 2024
Telephone, CoreCivic, CXW, Webcast

BRENTWOOD, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 7, 2024.

Key Points: 
  • BRENTWOOD, Tenn., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 7, 2024.
  • A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 8, 2024.
  • Upon registration, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.
  • Participants may access the audio-only webcast of the conference call from the Company's website at www.corecivic.com under the “ Events & Presentations ” section of the "Investors" page.

CoreCivic Enters Into New Contracts With the State of Wyoming and Harris County, TX, at the Tallahatchie County Correctional Facility

Retrieved on: 
Thursday, November 16, 2023
Damon T. Hininger, NYSE, CXW, Bed, Wyoming Department of Corrections, CoreCivic, Male, Saguaro Correctional Center, Tallahatchie County Correctional Facility, Partnership, Housing, Tallahatchie, Private investigator, County

Additionally, CoreCivic signed a new management contract with Harris County, Texas, to house up to 360 male inmates at the Tallahatchie County Correctional Facility.

Key Points: 
  • Additionally, CoreCivic signed a new management contract with Harris County, Texas, to house up to 360 male inmates at the Tallahatchie County Correctional Facility.
  • Upon mutual agreement, the County may access an additional 360 beds at the Tallahatchie facility.
  • Since September 2023, CoreCivic has added contracts with the State of Montana at the Saguaro Correctional Facility as well as with Hinds County (MS), Harris County (TX), and the State of Wyoming at the Tallahatchie County Correctional Facility.
  • Harris County is a new partnership for CoreCivic, and we look forward to providing the County with a flexible capacity solution."