BRENTWOOD, Tenn., Dec. 12, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic" or the "Company") announced today that CoreCivic's Board of Directors (the "Board") has appointed Daren Swenson, who currently serves as CoreCivic's Senior Vice President and Chief Corrections Officer, to Executive Vice President and Chief Corrections and Reentry Officer (CCRO), effective January 1, 2026, overseeing the operations for our corrections, detention, and reentry facilities. Damon T. Hininger, CoreCivic's ...

BRENTWOOD, Tenn., Dec. 02, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic" or the "Company") announced today that it has entered into a First Amendment to its Fourth Amended and Restated Credit Agreement to, among other things, increase the size of the "accordion" feature that provides for uncommitted incremental extensions of credit from $200 million to $300 million, and to exercise the full allotment by expanding the capacity under the Revolving Credit Facility from $275 million to $575 ...

Core Points - CoreCivic has been awarded a new contract under an Intergovernmental Services Agreement with the Oklahoma Department of Corrections and U.S. Immigration and Customs Enforcement to reactivate the Diamondback Correctional Facility, which has been idle since 2010 [1][2] - The contract starts on September 30, 2025, for a five-year term, with potential extensions, and is expected to generate approximately $100 million in annual revenue once fully operational [2] - The facility is anticipated to begin receiving detainees in the first quarter of 2026, with full activation expected by the second quarter of 2026 [2] - CoreCivic plans to invest an additional $13 million for renovations requested by ICE to ensure a seamless reactivation of the facility [3] - The company has signed new contracts for a total of 6,353 beds across four facilities, which were all idle at the beginning of the year, projecting approximately $325 million in annual revenue once fully activated [3] Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [4] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has over 40 years of experience as a government partner [4]

Core Points - CoreCivic has been awarded two new contracts with U.S. Immigration and Customs Enforcement (ICE) to utilize a total of 3,593 beds at two facilities, which are expected to generate nearly $200 million in annual revenue once fully activated [1][4][6] - The two facilities include the California City Immigration Processing Center with 2,560 beds and the Midwest Regional Reception Center with 1,033 beds [2][3] - The California City facility began receiving detainees on August 27, 2025, under a six-month Letter Contract, transitioning to a definitive contract effective September 1, 2025, with expected annual revenue of approximately $130 million once fully activated [6] - The Midwest Regional Reception Center's intake process has faced delays due to legal challenges, but the new contract commenced on September 7, 2025, with expected annual revenue of approximately $60 million once fully activated [6] Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [5] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has been a reliable partner for government for over 40 years [5]

Core Viewpoint - CoreCivic has been awarded a new contract to resume operations at the West Tennessee Detention Facility, which has been idle since September 2021, under an intergovernmental services agreement with ICE [1][2]. Contract Details - The intergovernmental services agreement (IGSA) is set to expire in August 2030, with potential for extension through bilateral modification [2]. - The agreement includes a fixed monthly payment and an incremental per diem payment based on detainee populations, with expected annual revenue of approximately $30 million to $35 million once fully activated [2]. Financial Impact - The contract is anticipated to have a minimal impact on earnings in Q3 2025, becoming accretive to earnings starting in Q4 2025, with full activation expected by the end of Q1 2026 [2]. Operational Expansion - CoreCivic has reactivated four previously idle facilities, totaling approximately 6,600 beds, and has made available over 1,000 additional detention beds to ICE through contract modifications [3]. - The reactivation of the West Tennessee Detention Facility is expected to create over 200 jobs in the local community [3]. Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [4]. - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the U.S. and has been a reliable partner for government for over 40 years [4].

Core Points - CoreCivic, Inc. has entered into a definitive agreement to acquire the Farmville Detention Center for a total purchase price of $67.0 million [1][2] - The acquisition is expected to close on July 1, 2025, and will generate approximately $40.0 million in annual incremental revenue [2] - The Farmville Detention Center has a capacity of 736 beds and provides services under an agreement with U.S. Immigration & Customs Enforcement (ICE) that expires in March 2029 [1][2] - The acquisition will add over 200 new employees to CoreCivic's workforce [3] Company Overview - CoreCivic is a diversified government-solutions company that provides a range of services including corrections and detention management, alternatives to incarceration, and government real estate solutions [3] - The company is the largest owner of partnership correctional, detention, and residential reentry facilities in the United States and has over 40 years of experience as a government partner [3]