04:07 AM EST, 03/06/2024 (MT Newswires) -- CoreCivic ( CXW ) said late Tuesday it priced an offering of $500 million principal amount of 8.25% senior notes due 2029.

Net proceeds, estimated to be about $490.3 million, will be used to partially fund the redemption of its outstanding 8.25% senior unsecured notes due 2026, the company said.

The offering has been upsized from $450 million.

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