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March 25, 2013
09:06 EDTCXWCCA raises aggregate principal amount of revolving commitments to $900M
CCA announced that on March 22, it entered into an amendment of its Amended and Restated Credit Agreement. The Amendment, among other things, increases the aggregate principal amount of the revolving commitments to $900M and includes an "accordion" feature that provides for uncommitted incremental extensions of credit in the form of increases in the revolving commitments or incremental term loans in an aggregate principal amount up to $100M, as requested by the company. The Amendment also provides for, among other things, an extension of the maturity date from December 2016 to December 2017, modification of certain financial covenants and modification of the negative covenant regarding distributions to accommodate the Company's status as a REIT. Interest rate and fee margins remain unchanged.
News For CXW From The Last 14 Days
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February 26, 2015
11:52 EDTCXWCorrections Corp. management to meet with CRT Capital
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February 25, 2015
07:46 EDTCXWCorrections Corp. Chairman to retire in 2016
Corrections Corporation of America announced that chairman, John Ferguson, has informed the company of his decision to retire from the board and not stand for re-election at the annual meeting of the company's stockholders in 2016. Ferguson, who will stand for re-election at the company's May 14, 2015 annual meeting of stockholders, plans to continue to serve as chairman to allow an orderly transition and provide the necessary time to consider a successor.
February 20, 2015
16:06 EDTCXWCorrections Corp. increases quarterly dividend 6%
Corrections Corporation of America announced that its board declared a quarterly dividend of 54c per share to be paid on April 15 to shareholders of record as of the close of business on April 2. CCA CEO Damon Hininger said, "We are pleased to declare our quarterly cash dividend of 54c per share, or $2.16 per share annually, which represents a 6% increase and reflects the overall strength of our business and our commitment to return value to our stockholders."

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