Market Updates & Recent Developments
Positioned for Long-Term Success and Value Creation
➤ Significant liquidity of approximately $274.0 million
as of March 31, 2023
➤ Used liquidity to repay remaining $154 million of
our 4.625% Senior Unsecured Notes on February
1, 2023
➤ Strong cash flow to reduce debt leverage to target
of 2.25x to 2.75x net debt-to-adjusted EBITDA
➤ Credit Ratings: S&P: BB- Moody's: Ba2
25.1%
Net Debt/
Undepreciated Fixed Assets
3.2x
Debt-to-Adjusted EBITDA(1)(2)
49.3%
Net Debt to Total Market
Capitalization
3.5x
Fixed Charge Coverage(1)(2)
97%
Unencumbered
Assets
3.7x
Interest coverage ratio
1. Based on financial results for the three months ended March 31, 2023.
2. Excludes non-recourse debt and related EBITDA of CoreCivic of Kansas, LLC, which is an Unrestricted Subsidiary as defined under the Bank Credit Facility.
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