CoreCivic obtains $100 million incremental term loan, expanding credit facility to $800 million
CoreCivic entered a Second Amendment to its credit agreement on April 10, 2026, adding a $100 million Incremental Term Loan from existing lenders. The amended facility totals $800 million and the company expects to use the new loan to pay down part of its revolver and for working capital and general corporate purposes. The added debt is prepayable without penalty and matures in 364 days, which increases the company's borrowing while giving it more near-term liquidity.
- Incremental Term Loan of $100 million, obtained from existing lenders on April 10, 2026
- Amended Credit Facility totals $800 million: $125 million initial term loan, the $100 million incremental loan, and a $575 million revolver
- Incremental Term Loan matures 364 days after the Second Amendment and carries a margin 25 bps above the initial term loan and revolver margin
- Loan is prepayable without penalty; filing does not provide a tone-of-results or earnings figure