Corrections Corp of America (CXW) Key Developments | Reuters.com
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Corrections Corp of America (CXW)

CXW on New York Consolidated

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29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

CCA announces acquisition of residential reentry facility in California
Tuesday, 14 Jun 2016 08:00am EDT 

Corrections Corp Of America : Deal for approximately $7.7 million, excluding transaction related expenses .Cca announces acquisition of residential reentry facility in Long Beach, California.  Full Article

Corrections Corporation of America Declares Quarterly Cash Dividend of $0.54 Per Share
Thursday, 10 Dec 2015 04:15pm EST 

Corrections Corporation of America:Declared a quarterly dividend of $0.54 per share to be paid on January 15, 2016 to shareholders of record as of the close of business on January 4, 2016.  Full Article

Corrections Corporation of America announces acquisition of Avalon Correctional Services Inc
Thursday, 29 Oct 2015 08:00am EDT 

Corrections Corporation of America:Cca announces acquisition of avalon correctional services, inc.Says deal valued at $157.5 million.Says completed transactions were funded utilizing cash from the company's revolving credit facility.On annual basis, acquisition expected to increase cca's total revenues by approximately $35.0 to $40.0 million.On annual basis,acquisition is expected to contribute approximately $0.06 to $0.08 in FFO per share.Excluding items, cca expects deal's per share impact to be neutral for 2015 due to certain transitional expenses.  Full Article

Corrections Corporation of America secures three-year contract renewal with California
Tuesday, 13 Oct 2015 08:01am EDT 

Corrections Corporation of America:Says renewed its contract with the California Department of Corrections and Rehabilitation (CDCR) through June 30, 2019.Contract renewal provides for up to 6,562 beds to be made available to CDCR during the renewal term at any of CCA's facilities.Contract includes renewal options to extend beyond the three-year term upon mutual agreement by both parties.Remaining terms and conditions of the new contract are substantially unchanged from the existing contract, which was scheduled to expire June 30, 2016.  Full Article

Corrections Corporation of America prices offering of senior unsecured notes
Monday, 21 Sep 2015 04:48pm EDT 

Corrections Corporation of America:Says pricing of its offering of $250,000,000 aggregate principal amount of senior unsecured notes due 2022.Notes will have a yield to maturity of 5.00%.  Full Article

CCA announces offering of senior unsecured notes
Monday, 21 Sep 2015 08:43am EDT 

Corrections Corporation of America:Intends to offer $250,000,000 aggregate principal amount of senior unsecured notes due 2022, subject to market and other customary conditions.Co to use proceeds to repay a portion of the borrowings outstanding under revolving credit facility.  Full Article

Corrections Corporation of America announces acquisition of four residential re-entry facilities
Monday, 31 Aug 2015 08:00am EDT 

Corrections Corporation of America:Announces that it has closed on the acquisition of four community corrections facilities from a privately held owner of community corrections facilities and other government leased assets, for about $13.5 million, excluding transaction related expenses.Says the all-cash transaction closed Aug. 27, and CCA did not assume any debt as part of the transaction.  Full Article

Corrections Corporation of America gives Q3 2015 FFO outlook below analysts' estimates; raises FY 2015 FFO outlook
Wednesday, 5 Aug 2015 04:05pm EDT 

Corrections Corporation of America:Expects Q3 2015 Adjusted Diluted EPS to be in the range of $0.43 to $0.45.Expects Q3 2015 Normalized FFO and AFFO per share to be in the range of $0.62 to $0.64 and $0.60 to $0.61, respectively.Expects FY 2015 Adjusted Diluted EPS to be in the range of $1.91 to $1.97.Expects FY 2015 Normalized FFO and AFFO per share are now expected to be in the range of $2.64 to $2.71 and $2.59 to $2.65, respectively.Q3 2015 FFO of $0.66 - Thomson Reuters I/B/E/S.FY 2015 FFO of $2.66 - Thomson Reuters I/B/E/S.  Full Article

Corrections Corporation of America declares quarterly dividend
Thursday, 14 May 2015 04:05pm EDT 

Corrections Corporation of America:Declares quarterly dividend of $0.54 per share.Payable on July 15, to shareholders of record as of close of business on July 2.  Full Article

Corrections Corporation of America gives Q2 2015 FFO guidance in line with analysts' estimates; lowers FY 2015 FFO guidance
Wednesday, 6 May 2015 04:15pm EDT 

Corrections Corporation of America:Expects Q2 2015 adjusted Diluted EPS to be in the range of $0.49 to $0.51.Expects Q2 2015 normalized FFO and AFFO per share to be in the range of $0.67 to $0.69 and $0.65 to $0.67, respectively.Expects FY 2015 adjusted Diluted EPS to be in the range of $1.89 to $1.97.Expects FY 2015 Normalized FFO and AFFO per share to be in the range of $2.62 to $2.70 and $2.57 to $2.64, respectively.Q2 2015 FFO of $0.68 - Thomson Reuters I/B/E/S.FY 2015 FFO of $2.71 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-CCA Q1 AFFO per diluted share of $0.61

* Q1 revenue $447.4 million versus i/b/e/s view $443.5 million