CoreCivic Announces Closing of $250 Million Senior Secured Term Loan B
The Company intends to use substantially all of the net proceeds from the Term Loan to fund a portion of the previously announced redemption of the Company’s
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our 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 http://www.corecivic.com/.
This press release contains “forward-looking statements” regarding the Term Loan, the Company’s intended use of net proceeds of the Term Loan and the redemption of the Notes. 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 the Company with the
|Contact:||Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024|
|Media: Steve Owen - Managing Director, Communications - (615) 263-3107|
Source: CoreCivic, Inc.