Corecivic announces upsizing and pricing of tack-on offering of $225 million 8.25% senior notes due 2026

Brentwood, tenn., sept. 22, 2021 (globe newswire) -- corecivic, inc. (nyse: cxw) (the company) announced today that it successfully upsized and priced its offering of an additional $225,000,000 aggregate principal amount of corecivic's 8.25% senior unsecured notes due 2026 (the “additional notes”). the aggregate principal amount of the additional notes to be issued in the offering was increased to $225 million from the previously announced $100 million. the additional notes were priced at 102.25% of their aggregate principal amount, plus accrued interest from april 14, 2021, the issue date for corecivic's previously issued $450 million aggregate principal amount of 8.25% senior unsecured notes due 2026 (the “existing notes”). the additional notes will have an effective yield to maturity of 7.65% and will constitute a single class of securities with the existing notes.
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