CoreCivic announces expansion of revolving credit facility

CoreCivic (CXW) 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 million effective December 1, 2025. The Company currently has outstanding borrowings under the Revolving Credit Facility of $165.0 million. Including outstanding letters of credit of $18.6 million and following the Amendment, the Company currently has additional borrowing capacity of $391.4 million.