CoreCivic (NYSE: CXW) plans to redeem in full its 4.750% senior notes due 2027 on August 12, 2026. The notes, originally $250 million and now $238.468 million outstanding, will be redeemed at 100% of principal plus make-whole premium and accrued interest, funded with cash on hand.
$238.468 million of 4.750% senior notes to be fully redeemed August 12, 2026
Redemption funded with cash on hand, with no new financing disclosed
Negative
Redemption price includes a make-whole premium in addition to principal and interest
What This Means
CoreCivic’s decision to fully redeem its 2027 notes with cash on hand follows strong Q1 metrics, suc...
Analysis
CoreCivic’s decision to fully redeem its 2027 notes with cash on hand follows strong Q1 metrics, such as $614.7 million in revenue, and a recent $1.5 billion asset sale. Investors may watch follow-on capital allocation and ongoing insider net selling as key risk signals.
Key Figures
Coupon rate:4.750%Original principal:$250,000,000Outstanding principal:$238,468,000+3 more
6 metrics
Coupon rate4.750%Interest rate on 2027 senior notes
Original principal$250,000,000Original aggregate principal amount of 2027 Notes
Outstanding principal$238,468,000Outstanding 2027 Notes as of July 13, 2026
Redemption price100.000% of principalPar redemption plus make-whole premium and accrued interest
Maturity dateOctober 15, 2027Scheduled maturity of 2027 Notes before redemption
Redemption dateAugust 12, 2026Date selected to redeem remaining 2027 Notes
Secured permit to reopen Midwest Regional Reception Center with expected EPS benefit.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
CXW has reacted positively to strong earnings but has shown downside divergence following operational positives such as asset sales and facility reopenings.
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
make-whole premiumfinancial
"plus the applicable “make-whole” premium specified in the indenture"
A make-whole premium is an extra payment a borrower must give bondholders when repaying debt early to compensate them for lost future interest; think of it as a lump-sum “catch-up” to leave lenders financially where they would have been if the loan had run its full term. It matters to investors because it affects how much they receive on early redemption and influences a company’s decision to refinance or repay debt, altering bond value and expected returns.
indentureregulatory
"specified in the indenture, as supplemented, governing the 2027 Senior Notes"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
irrevocable noticeregulatory
"it is delivering an irrevocable notice to the holders of all of CoreCivic’s"
A written communication or instruction that cannot be withdrawn once delivered and takes legal effect as stated, often used to confirm consent, termination, payment, or transfer in contracts and regulatory filings. For investors it matters because an irrevocable notice creates finality and triggers duties, timelines, or changes in ownership or rights—like a locked-in instruction that forces parties to act and can affect valuations, settlement, or legal exposure.
BRENTWOOD, Tenn., July 13, 2026 (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 $250,000,000 original aggregate principal amount of 4.750% senior notes due 2027 (the “2027 Notes”) that CoreCivic has elected to redeem in full the 2027 Notes that remain outstanding on August 12, 2026 (the “Redemption Date”). The 2027 Notes were otherwise scheduled to mature on October 15, 2027. The 2027 Notes will be redeemed at a redemption price equal to 100.000% of the principal amount of the then outstanding 2027 Notes, plus the applicable “make-whole” premium specified in the indenture, as supplemented, governing the 2027 Senior Notes, plus accrued and unpaid interest to, but not including, the Redemption Date (the “Redemption Price”).As of July 13, 2026, the principal amount of the outstanding 2027 Notes was $238,468,000.CoreCivic intends to use cash on hand to fund the Redemption Price.
This press release shall not constitute a notice of redemption of the 2027 Notes.
About CoreCivic CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that help build safer, healthier, and more productive communities one person at a time through residential corrections, detention and reentry management, adjacent service offerings that include pharmaceutical, transportation, and alternatives to incarceration, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. CoreCivic has been a flexible and dependable partner for government for more than 40 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.
Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements including statements regarding CoreCivic’s redemption of the 2027 Notes and its funding of the Redemption Price. These forward-looking statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. Such forward-looking statements may be affected by risks and uncertainties in CoreCivic’s business and market conditions. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. Important factors that could cause actual results to differ are described in the filings made from time to time by CoreCivic with the U.S. Securities and Exchange Commission (the “SEC”) and include the risk factors described in CoreCivic’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 20, 2026. Except as required by applicable law, CoreCivic undertakes no obligation to update forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
Financial Media - David Gutierrez, Dresner Corporate Services - (312) 780-7204
FAQ
What did CoreCivic (CXW) announce about its 4.750% senior notes due 2027?
CoreCivic announced it will redeem in full its 4.750% senior notes due 2027 on August 12, 2026. According to CoreCivic, the redemption covers all outstanding notes at 100% of principal plus make-whole premium and accrued, unpaid interest.
How much of CoreCivic’s 4.750% 2027 senior notes remains outstanding before redemption?
As of July 13, 2026, CoreCivic reported $238.468 million principal amount of 2027 notes outstanding. According to CoreCivic, these notes will be redeemed in full on August 12, 2026, replacing the originally issued $250 million aggregate principal amount.
What is the redemption price for CoreCivic’s 4.750% senior notes due 2027 (CXW)?
The 2027 notes will be redeemed at 100% of principal plus a make-whole premium and accrued interest. According to CoreCivic, the make-whole premium is determined under the governing indenture, and interest accrues to, but not including, the August 12, 2026 redemption date.
When will CoreCivic redeem its 4.750% senior notes due 2027 and what was the original maturity?
CoreCivic plans to redeem the 2027 notes on August 12, 2026, ahead of their October 15, 2027 maturity. According to CoreCivic, the company has issued an irrevocable notice of redemption to all holders of the outstanding notes.
How will CoreCivic (CXW) fund the redemption of its 4.750% senior notes due 2027?
CoreCivic intends to fund the full redemption price using cash on hand. According to CoreCivic, this cash-funded transaction will cover 100% of principal, the applicable make-whole premium, and all accrued and unpaid interest up to the redemption date.
Does the CoreCivic 2027 notes press release serve as the official redemption notice?
No, the press release does not constitute the official notice of redemption for the 2027 notes. According to CoreCivic, a separate irrevocable notice is being delivered directly to holders, as required under the applicable indenture governing the notes.
