NYSE:CXWCommercial Services
CoreCivic’s New US$100m Term Loan And What It Means For Valuation
CoreCivic (NYSE:CXW) has amended its credit agreement to add a $100 million Incremental Term Loan.
The company plans to use the proceeds to refinance outstanding revolver borrowings and for general corporate purposes.
This financing step adjusts CoreCivic’s capital structure and affects its available liquidity profile.
For investors watching CoreCivic at a current share price of $20.22, this credit agreement amendment is an important capital structure event. The stock shows mixed...