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CoreCivic to redeem all 5% notes due 2022, some 4 5/8% notes due 2023
By Marisa Wong
Los Angeles, April 7 – CoreCivic, Inc. plans to redeem all $250 million of its outstanding 5% senior notes due 2022 at a make-whole price using proceeds from an offering of new senior notes due 2026.
The company will also use proceeds from the $400 million offering to repay or reduce its other debt, including repurchasing or redeeming a portion of its $350 million 4 5/8% senior notes due 2023.
Based in Brentwood, Tenn., CoreCivic owns correctional, detention and residential reentry facilities and real estate used by U.S. government agencies.
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