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CoreCivic Inc (CXW.N)

CXW.N on New York Stock Exchange

19.92USD
17 Dec 2018
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Latest Key Developments (Source: Significant Developments)

CalSTRS To Divest From Private Prisons
Wednesday, 7 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
Wednesday, 8 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
Tuesday, 24 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
Thursday, 16 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
Wednesday, 8 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
Wednesday, 11 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

Wall St Week Ahead-Investors focus on retailers as wages rise

NEW YORK, Nov 9 U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared.