Corrections Corporation of America (CXW) said late Tuesday that it has sold its interest in a U.K. prison for net proceeds of $65.7 million, which were used to immediately pay down debt.
The Nashville-based prison operator sold its interest in its Agecroft prison in Salford, England to Abbey National Treasury Services. CCA was required to sell its Agecroft interest by April 30 under terms of a senior credit agreement.
The company had delayed filing its year 2000 annual financial statements until the completion of the Agecroft transaction. It will file its 10-K no later than April 17.
CCA shares rose a penny Tuesday to 68 cents. Their 52-week range is 19 cents to $3.75.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS