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CoreCivic Inc (CXW.N)

CXW.N on New York Stock Exchange

22.08USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Corecivic enters into new management contract with the Commonwealth of Kentucky
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Corecivic Inc :Corecivic enters into new management contract with the Commonwealth of Kentucky at the Lee Adjustment Center.‍Entered contract with Commonwealth of Kentucky department of corrections to house medium, close-security offenders at co's lee adjustment center​.‍Expect to incur operating losses at Lee Adjustment Center of $0.03 to $0.04 per share for staffing and other start-up related expenses.‍Most of the operating losses of $0.03 to $0.04 per share at Lee Adjustment Center will be incurred during Q1 of 2018.‍Upon reaching normalized occupancy new contract is expected to generate approximately $15.0 million to $17.0 million of annual revenue​.  Full Article

Corecivic reports Q3 FFO of $0.55 per share
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Corecivic Inc :Corecivic reports third quarter 2017 financial results.Q3 adjusted FFO per share $0.56.Q3 FFO per share $0.55.Q3 revenue $442.8 million versus i/b/e/s view $437.2 million.Sees Q4 ‍ffo per diluted share $0.55 to $0.57​.Sees ‍Q4 adjusted diluted EPS $0.35 to $0.37​.  Full Article

CoreCivic prices offering of senior unsecured notes
Thursday, 12 Oct 2017 

Oct 11 (Reuters) - CoreCivic Inc :CoreCivic prices offering of Senior unsecured notes.CoreCivic Inc - ‍ pricing of its offering of $250 million aggregate principal amount of senior unsecured notes due 2027​.  Full Article

CoreCivic announces offering of senior unsecured notes
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Corecivic Inc :CoreCivic announces offering of senior unsecured notes.CoreCivic Inc - ‍intends to offer $250 million aggregate principal amount of senior unsecured notes due 2027​.CoreCivic Inc - ‍intends to use net proceeds from offering to repay portion of outstanding borrowings & to pay related fees and expenses.  Full Article

Corrections Corp says expects to report $4 mln restructuring charge in Q3
Wednesday, 28 Sep 2016 

Corrections Corp Of America : Cca announces corporate restructuring and cost reduction plan . Says cca expects to report a charge in q3 of 2016 of approximately $4.0 million associated with the restructuring . Staffing reductions and implementation of cost reduction plan to result in expense savings of about $9.0 million in 2017 .Expects that 50 to 55 full time positions will be eliminated as a result of restructuring.  Full Article

CCA provides update on customer interactions in response to DoJ
Monday, 29 Aug 2016 

Corrections Corp Of America : CCA provides update on customer interactions in response to DoJ announcement . Says "we also expect other government partners to further study their utilization of private prison sector" .Says "we welcome additional interactions and assessments of our services".  Full Article

Fitch places Corrections Corp.'s 'BB+' IDR on rating watch negative
Monday, 22 Aug 2016 

: Fitch places Corrections Corp.'s 'BB+' IDR on rating watch negative .Fitch On Corrections Corp - Believes there are few attractive capital sources available to company to de-lever.  Full Article

Corrections Corp Of America CEO Damon Hininger reports purchase of 2,870 shares at $16.60/share
Saturday, 20 Aug 2016 

Corrections Corp Of America :CEO Damon Hininger reports purchase of 2,870 shares of co's common stock on Aug 18 at $16.60/share - SEC filing.  Full Article

Moody's downgrades Corrections Corporation of America's senior unsecured bond rating to Ba1
Friday, 19 Aug 2016 

Moody's - : Moody's downgrades Corrections Corporation of America's senior unsecured bond rating to Ba1; outlook revised to negative .Moody's on Corrections Corporation of America - Upward rating movement will be unlikely in medium term; will require clarity on effect of DOJ announcement.  Full Article

CCA responds to U.S. decision to phase out federal use of private prisons
Friday, 19 Aug 2016 

Corrections Corp Of America : Responds To BOP Decision To Amend Car 16 Solicitation By Reducing Previously Announced 10,800 Contract Beds To 3,600 Contract Beds . CCA Responds To The Department Of Justice's Decision To Reduce Reliance On Privately Operated Prisons And Announces Investor And Analyst Conference Call . CCA's Eden Detention Center, Containing 1,422 Beds, Is Included In Car 16 Solicitation . At This Time Contracts At Three Facilities CCA Operates On Behalf Of BOP Remain Unchanged . Contracts At Three Facilities CCA Operates On Behalf Of BOP Represent About $131.2 Million In Annual Revenues . BOP Will Determine Whether To Extend These Contracts At End Of Respective Contract Terms . Will Continue To Provide Service To Government Partners Pursuant To Over 100 Contracts .Disappointed With BOP's Decision To Reduce Its Utilization Of Privately Operated Facilities To Meet Their Capacity Needs.  Full Article

BRIEF-Corecivic Appoints Harley G. Lappin To Its Board Of Directors

* CORECIVIC APPOINTS HARLEY G. LAPPIN TO ITS BOARD OF DIRECTORS Source text for Eikon: Further company coverage: