CoreCivic Lease Agreements and ESG Strategy slide image

CoreCivic Lease Agreements and ESG Strategy

Project Development Cost Payment Termination and Pre-Payment Events Pre-Payment Calculation Pre-Payment Event Lessee Non- Payment Default Lessee Persistent Default Non-Appropriation Event Base Formula The Project Development Cost Payment + The Services Breakage Payment Court Ruling Event The Project Development Cost Payment Taking Event + The Services Breakage Payment Extended Relief Event Pre-Payment Event Prior to Occupancy 100% Lessor Outstanding Debt + Contributed Equity + Adjustment Amounts - Account Balances - Available Insurance Amounts Prior to Occupancy 100% Lessor Outstanding Debt + Contributed Equity + Adjustment Amounts - Account Balances During Occupancy Period 100% Lessor Outstanding Debt + Contributed Equity + All Equity Distributions anticipated in the Base Case Financial Model Discounted at the Equity IRR + Net Lease Payments Due + Net Adjustment Amounts Due - Account Balances - Available Insurance Payments During Occupancy Period 100% Lessor Outstanding Debt + Contributed Equity - Prior Distributions + Net Lease Payments Due + Net Adjustment Amounts Due - Available Insurance Amounts - Account Balances - Any Proceeds from a Taking - Available Insurance Amounts - Any Proceeds from a Taking Lessor Outstanding Debt means (a) all amounts outstanding, including interest and default interest accrued, and payable by Lessor to the Lenders provided that such amount shall not exceed the amount reflected in the Base Case Financial Model at the time of payment of the Project Development Cost Payment and that default interest will not include any increased interest, fees, or penalty amounts payable by Lessor for any reason other than a failure by Lessor to pay any when due, plus (b) all other fees, costs and expenses for which Lessor is responsible, including any Lessor Outstanding Breakage Amounts which may include premiums, penalties and make-whole payments Lessor Default Base Formula Prior to Occupancy 100% of the Lessor Outstanding Debt - Account Balances - Available Insurance Amounts During Occupancy Period 100% of the Lessor Outstanding Debt amount + Net Lease Payments Due + Net Adjustment Amounts Due - Account Balances - Available Insurance Amounts 33
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