Corrections Corporation of America (CXW) Announces Tender Offer for Any and All of Its 7 1/2% Senior Notes Due 2011

May 20, 2009 9:34 AM EDT

Corrections Corporation of America (NYSE: CXW) announced the commencement of a cash tender offer for any and all of its outstanding 7 1/2% Senior Notes due 2011. There is currently $450.0 million aggregate principal amount of the 2011 Notes outstanding. In conjunction with the tender offer, the Company is soliciting consents from holders of the 2011 Notes to effect certain proposed amendments to the indenture governing the 2011 Notes. The tender offer and the consent solicitation (the "Offer") are being made pursuant to an Offer to Purchase and Consent Solicitation Statement and a related Consent and Letter of Transmittal, each dated as of May 19, 2009. The Offer will expire at 11:59 p.m., New York City time, on June 16, 2009, unless extended or earlier terminated (the "Expiration Date").


Related Categories

Corporate News

Stocks Mentioned

CXW 25.75

-0.45 -1.72%
Volume: 1,100,881
Track CXW


Add Your Comment