CoreCivic to Redeem 4.750% Senior Notes Due 2027
CoreCivic (NYSE: CXW) plans to redeem in full its 4.750% senior notes due 2027 on August 12, 2026.
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Rhea-AI Summary
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.
Positive
- $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
News Explained
CoreCivic plans an August 12 cash redemption of $238.468 million of notes before their October 2027 maturity; completion and final premium remain pending.
On
The notes remain outstanding until the redemption date, and the release says the press release itself is not a notice of redemption. If completed, the transaction would use cash on hand to pay noteholders the Redemption Price and bring repayment forward from the scheduled
The Redemption Price includes
The key follow-ups are whether redemption occurs on
Details
News Market Reaction – CXW
On Jul 13, the day this news came out, CXW closed 1.44% below the previous close.
Data tracked by StockTitan Argus for the Jul 13 session.
Key Figures
- Coupon rate
- 4.750%
- Interest rate on 2027 senior notes
- Original principal
- $250,000,000
- Original aggregate principal amount of 2027 Notes
- Outstanding principal
- $238,468,000
- Outstanding 2027 Notes as of July 13, 2026
- Redemption price
- 100.000% of principal
- Par redemption plus make-whole premium and accrued interest
- Maturity date
- October 15, 2027
- Scheduled maturity of 2027 Notes before redemption
- Redemption date
- August 12, 2026
- Date selected to redeem remaining 2027 Notes
Historical Context
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Announced Q2 2026 earnings release date and follow-up conference call schedule.
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Sold two large detention facilities for $1.5B to repay debt and fund uses.
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Reported strong Q1 growth with higher revenue, EPS, EBITDA and raised guidance.
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Outlined timing for Q1 2026 earnings release and investor conference call.
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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.
Key Terms
senior notes financial
indenture regulatory
irrevocable notice regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
| Contact: | Investors: Jeb Bachmann - Managing Director, Investor Relations - (615) 263-3024 |
| Financial Media - David Gutierrez, Dresner Corporate Services - (312) 780-7204 |
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