Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Altisource Solutions Sarl > News item |
Corrections Corp. to repay revolver borrowings with new note proceeds
By Tali Rackner
Norfolk, Va., Sept. 21 – Corrections Corp. of America plans to repay a portion of the borrowings outstanding under its revolving credit facility with the proceeds from a new $250 million senior note offering, according to a press release.
Proceeds will also be used to pay related fees, costs and expenses, for other general corporate purposes and for working capital, which may include investments.
Corrections Corp. is a Nashville-based owner and operator of privatized correctional and detention facilities.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.