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India

CoreCivic Inc (CXW.N)

CXW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CalSTRS To Divest From Private Prisons
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - :CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM TO DIVEST FROM PRIVATE PRISONS.CALSTRS - THE TEACHERS’ RETIREMENT BOARD OF CALSTRS VOTED TO REMOVE FUND’S HOLDINGS IN TWO U.S. COS OPERATING PRIVATE PRISONS, CORECIVIC AND GEO GROUP.CALSTRS - PROCESS OF DIVESTING FROM CALSTRS CORECIVIC AND GEO GROUP HOLDINGS WILL BEGIN IMMEDIATELY AND IS EXPECTED TO BE COMPLETED WITHIN SIX MONTHS.CALSTRS - AS OF NOVEMBER 6 COMBINED CALSTRS GLOBAL EQUITIES AND FIXED INCOME PORTFOLIOS’ HOLDINGS IN CORECIVIC AND IN GEO GROUP WERE $12,142,211.  Full Article

Corecivic Q2 FFO Per Share $0.55
Thursday, 9 Aug 2018 

CoreCivic Inc ::CORECIVIC REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 ADJUSTED FFO PER SHARE $0.57.Q2 FFO PER SHARE $0.55.Q2 REVENUE $449.9 MILLION.SEES Q3 FFO PER DILUTED SHARE $0.57 TO $0.59.SEES Q3 NORMALIZED FFO PER DILUTED SHARE $0.57 TO $0.59.NOW SEES 2018 FFO PER DILUTED SHARE $2.26 TO $2.30.NOW SEES 2018 NORMALIZED FFO PER DILUTED SHARE $2.29 TO $2.33.DURING 2018, WE EXPECT TO INVEST APPROXIMATELY $126.5 MILLION TO $136.0 MILLION IN CAPITAL EXPENDITURES.  Full Article

CoreCivic Enters Into Agreement To Utilize La Palma Correctional Center
Wednesday, 25 Jul 2018 

July 24 (Reuters) - CoreCivic Inc ::CORECIVIC ENTERS INTO NEW AGREEMENT WITH FEDERAL GOVERNMENT TO UTILIZE THE LA PALMA CORRECTIONAL CENTER.CORECIVIC INC - NEW CONTRACT COMMENCES ON JULY 24, 2018, AND HAS AN INDEFINITE TERM.  Full Article

Corecivic Says Amended Credit Agreement For Up To $1.0 Bln, Replacing Existing $900.0 Mln Revolving Credit Facility And Term Loan
Wednesday, 18 Apr 2018 

April 18 (Reuters) - CoreCivic Inc ::CORECIVIC ENTERS INTO AMENDED AND RESTATED SENIOR CREDIT FACILITY.CORECIVIC - AMENDED CREDIT AGREEMENT FOR UP TO $1.0 BILLION, REPLACING EXISTING $900.0 MILLION REVOLVING CREDIT FACILITY AND TERM LOAN.  Full Article

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

Investor activists press U.S. prison operators on human rights

BOSTON, Dec 18 Activist investors said on Tuesday they filed shareholder resolutions at two U.S. private prison operators, looking to link executive pay to human rights considerations at CoreCivic Inc and have Geo Group give more details on the treatment of people held at correction and detention facilities.