CoreCivic Announces Expansion of Revolving Credit Facility By $300 Million

Core Points - CoreCivic has amended its Fourth Amended and Restated Credit Agreement to increase the "accordion" feature for uncommitted incremental extensions of credit from $200 million to $300 million and to expand the Revolving Credit Facility from $275 million to $575 million effective December 1, 2025 [1] - The company currently has outstanding borrowings of $165 million under the Revolving Credit Facility, with additional borrowing capacity of $391.4 million after the amendment [1] - CoreCivic's CFO indicated that recent contract awards are expected to lead to significant increases in revenues and cash flows for 2026 and 2027, enhancing the company's balance sheet flexibility for strategic investments and long-term value creation [2] - CoreCivic is the largest owner and one of the largest operators of partnership correctional, detention, and residential reentry facilities in the United States, providing a range of government solutions [3]