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CoreCivic noteholders tender 83.3% of 8¼% senior notes due 2026
Chicago, March 12 – CoreCivic Inc. received tenders from holders of $494,103,000, or 83.3%, of its $593,113,000 of outstanding 8¼% senior notes due 2026 (Cusip: 21871NAB7), according to a press release.
The tender offer expired at 5 p.m. ET on March 11.
The company is accepting all of the tendered notes.
As previously reported, the company is paying $1,043.75 per $1,000 note, plus interest from the Oct. 15, 2023 interest payment date to the settlement date.
Settlement will be March 12.
The amount above does not include any tenders from holders who elected to use guaranteed delivery procedures. Those notes are due by 5 p.m. ET on March 13. The payment date will be March 14.
The dealer manager for the tender offer is Citizens JMP Securities LLC (617 725-5783, fixedincome@citizensbank.com).
D.F. King & Co., Inc. is the information and tender agent for the offer (800 549-6697, 212 269-5550, corecivic@dfking.com).
CoreCivic is a Nashville-based owner of partnership correctional, detention and residential reentry facilities.
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