Corrections to redeem $50 million of 6¾% senior notes due 2014

By Tali David

Minneapolis, July 24 - Corrections Corp. of America called $50 million of its 6¾% senior notes due 2014, according to an 8-K filed with the Securities and Exchange Commission.

The bonds will be redeemed at par plus accrued interest on Aug. 27.

Following the transaction, $40 million will remain outstanding.

Corrections Corp. of America is a Nashville-based owner and operator of privatized correctional and detention facilities.

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