CoreCivic
Brentwood, Tennessee, United States · Consulting, Government, Health Care
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help addre
Key facts
- Headquarters
- Brentwood, Tennessee, United States
- Employees
- 13,651
- Industries
- Consulting, Government, Health Care
- Status
- Public (CXW)
- Website
- www.corecivic.com
- Company page
Recent activity at CoreCivic
- : CoreCivic Appoints Lucibeth N. Mayberry as Chief Executive Officer
- : SEC 8-K (5.02): On September 25, 2026, CoreCivic, Inc. announced the resignation of Patrick D. Swindle from his role as President and Chief Executive Officer (CEO) effective September 24, 2026, due to health reasons. Lucibeth N. Mayberry has been appointed as the new President and CEO, also effective as of September 24, 2026, and she has joined the Board of Directors to fill the vacancy left by Mr. Swindle. A Transition Agreement has been established, which outlines Mr. Swindle's new role as a Special Advisor to the CEO and Chairman of the Board for a period extending to September 24, 2028, unless terminated earlier. This transition is significant for the company's leadership structure and strategic direction moving forward.
- : SEC 8-K (8.01): On August 7, 2026, the Company entered into an accelerated share repurchase agreement (ASR Agreement) with a financial institution to repurchase $500 million of its common stock as part of a larger share repurchase program approved by its Board on August 4, 2026. The Company plans to pay the Dealer on August 10, 2026, and will receive an initial delivery of about 12.4 million shares. The final share count will depend on the average daily price of the stock during the ASR term, adjusting for market conditions. This action aims to utilize their existing capacity and impact the remaining stock repurchase authorization available after this transaction.
- : SEC 8-K (8.01): On August 4, 2026, the Company's Board of Directors authorized an Additional Authorization to its existing share repurchase program, permitting up to an additional $500.0 million in repurchases of its common stock, increasing the total authorization from $700.0 million to $1.2 billion. This share repurchase program has no fixed time frame and allows the Company flexibility in executing its buybacks, which can occur through various methods, including open market purchases and negotiated transactions. Since May 16, 2022, the Company has repurchased 28.1 million shares at an average price of $15.82, totaling approximately $444.2 million. Following this increase, about $755.8 million remains available under the repurchase plan, reflecting the Board's ongoing commitment to enhancing shareholder value.
- : SEC 8-K (1.01): On August 4, 2026, CoreCivic, Inc. finalized its sale of two facilities to the United States Department of Homeland Security. The first transaction involved the sale of the 1,033-bed Midwest Regional Reception Center in Leavenworth, Kansas for approximately $238.4 million, and the second was the sale of the 1,600-bed Prairie Correctional Facility in Appleton, Minnesota for about $495.6 million. Both sales were completed concurrently under respective Purchase Agreements. The Midwest Facility's management contract is expected to continue albeit with possible modifications, while the Prairie Facility, which has been unused since 2010, has a new management agreement with the same entity. The management contracts for both facilities have varying expiration dates, affecting future operations.
- : CoreCivic Secures Contract to Reactivate Prairie Correctional Facility for ICE Operations.
- : SEC 8-K (8.01): On July 13, 2026, CoreCivic, Inc. announced its decision to redeem its outstanding 4.750% senior notes due 2027, totaling $238,468,000. The redemption will occur on August 12, 2026, at a price equal to 100% of the principal plus a make-whole premium and accrued interest. This redemption decision comes ahead of the original maturity date of October 15, 2027, indicating a strategic move by the company to manage its debt obligations. The company plans to utilize its cash on hand to fund this redemption, which could reflect its financial strategy and liquidity position moving forward.
- : SEC 8-K (1.01):
- : SEC 8-K (1.01): On April 10, 2026, CoreCivic, Inc. entered into a Second Amendment to its Fourth Amended and Restated Credit Agreement. This agreement facilitates an Incremental Term Loan of $100 million to be used for refinancing and working capital, increasing the total Amended Credit Facility to $800 million, which consists of an initial $125 million term loan and a $575 million revolving credit facility. The Incremental Term Loan will mature in 364 days and has a floating interest rate based on the company's leverage ratio. The terms of the existing credit facility remain unchanged. This strategic move is intended to better manage the company’s capital structure and operational costs.
- : CoreCivic Appoints Daren Swenson as Executive Vice President and Chief Corrections and Reentry Officer
Leadership
- Lucibeth N. Mayberry, Chief Executive Officer
- Daren Swenson, Executive Vice President
- Patrick Swindle, Chief Operating Officer
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CoreCivic in the news
- Private prison company sells two of California’s immigrant detention centers to the feds - CalMatters (Jul 06, 2026)
- Private prisons announce $1.4 billion in revenue as immigration detentions climb - NPR (Aug 08, 2026)
- Unsatisfied With Record Profits, Private Prison Investors Want ICE to Escalate - The Appeal (Feb 12, 2026)
- KARE 11 Investigates: Private prison was on sale for $75 million; ICE paid $495 million - kare11.com (Oct 29, 2026)
- Sick Detainees Describe Poor Care at Facilities Run by ICE Contractor - The New York Times (Feb 14, 2026)
- At CoreCivic, immigration crackdowns are good for business - Tennessee Lookout (Aug 10, 2026)
- ICE’s Largest Prison Contractors Post Record Revenue - Time Magazine (Feb 12, 2026)
- Private Prison Companies’ Enormous Windfall: Who Stands to Gain as ICE Expands - Brennan Center for Justice (Oct 01, 2025)
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About CoreCivic: questions and answers
What does CoreCivic do?
CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help addre
Where is CoreCivic headquartered?
CoreCivic is headquartered in Brentwood, Tennessee, United States.
How many employees does CoreCivic have?
CoreCivic has about 13,651 employees.
Who leads CoreCivic?
Lucibeth N. Mayberry is a Chief Executive Officer at CoreCivic.
What is the latest news on CoreCivic?
On Sep 25, 2026, CoreCivic Appoints Lucibeth N. Mayberry as Chief Executive Officer
Is CoreCivic a public company?
Yes. CoreCivic is publicly traded under the ticker CXW.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy