5 yr: First Pay: 2024-10-15; Redemption: 2026-04-15; Registration: Registered; Comments: US$500m (upsized from US$450m) 5yr (4/15/2029) cpn 8.250% at par. MWC: T+50bps. Call Schedule: 4/15/2026: 104.125%, 4/15/2027: 102.063%, 4/15/2028 and thereafter at par. CoC: 101%;
Deal Comments
Guarantors: ACS Corrections of Texas LLC, Avalon Corpus Christi Transitional Center LLC, Avalon Correctional Services LLC, Avalon Transitional Center Dallas LLC, Avalon Tulsa LLC, Carver Transitional Center LLC, CCA Health Services LLC, CCA International LLC, CCA South Texas LLC, CoreCivic LLC, CoreCivic of Tennessee LLC, CoreCivic Western Operations LLC, Correctional Alternatives LLC, Correctional Management LLC, EP Horizon Management LLC, Fort Worth Transitional Center LLC, Green Level Realty LLC, Innovative Government Solutions LLC and others