Corecivic announces redemption of $325.0 million 4.125% senior notes due 2020

Nashville, tenn., dec. 02, 2019 (globe newswire) -- corecivic, inc. (nyse: cxw) (the “company") announced today that it will redeem all of its outstanding $325.0 million in aggregate principal amount of 4.125% senior notes due 2020 (the “notes”), on january 1, 2020 (the “redemption date”), at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to but excluding the redemption date.  since the redemption date is not a business day, the redemption price will be paid on the next succeeding business day, january 2, 2020.  on and after the redemption date, interest will cease to accrue on the notes and the notes will cease to be outstanding. the company intends to finance the redemption of the notes with borrowings under the company’s revolving credit facility. 
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