Business
Editors
NASHVILLE, Tenn.
In addition to the inmates to be housed on behalf of the BOP, the
Company currently houses approximately 500 prisoners on behalf of the
U., New York City time,
on March 21, 2005 (the
"Consent Date") will be eligible to receive the total consideration,
which
includes a consent payment equal to $30 per $1,000 principal
amount of notes tendered. Requests for
information should be directed to Lehman Brothers Inc.
Forward-Looking Statements
This
press release contains statements as to the Company's beliefs
and expectations of the outcome of
future events that are
forward-looking statements as defined within the meaning of the
Private
Securities Litigation Reform Act of 1995.
This category is for sites offering correspondence/Pen-Pal
services for prisoners with the outside world.
searched cellblock
prison ads
On December 23, 2004, the BOP awarded CCA the
contract to manage
an estimated 1,195 low-security federal inmates at the Northeast Ohio
facility
located in Youngstown, Ohio, with a provision to manage up to
1,374 federal inmates.
The Company
specializes in owning, operating and managing prisons and
other correctional facilities and providing
inmate residential and
prisoner transportation services for governmental agencies. is the Dealer
Manager and Solicitation Agent,
and D. King + Co. The Company specializes in owning, operating
and
managing prisons and other correctional facilities and providing
inmate residential and prisoner
transportation services for
governmental agencies.surrogate penpals
Holders who tender and deliver their
consents
to the proposed amendments to the indenture governing the
notes by 5:00 p.
The tender offer is
subject to, and conditioned upon, the receipt
by the Company of proceeds from an offering of its
debt securities
under a new financing. at (212)
528-7581 (call collect) or (800) 438-3242 (toll
free). The Company also provides health care
(including medical, dental and psychiatric services
), food services
and work and recreational programs.inmate cellpals
pal cellpals
Under provisions of the award, CCA could earn
revenues of
up to approximately $129 million in the aggregate during the first
four years of the
contract. is the Information Agent and Tender Agent,
in connection with the Offer and Consent Solicitation
. These services are intended to
reduce recidivism and to prepare inmates for their successful re
-entry
into society upon their release.convict pal
Other factors that could cause operating and
financial
results to differ are described in the filings made from
time to time by the Company with the Securities
and Exchange
Commission. In conjunction with the tender offer, the Company also commenced
a consent
solicitation to eliminate certain covenants in, and events
that would cause a default under, the
indenture governing the notes.m. Other factors that could cause operating and
financial results to
differ are described in the filings made from
time to time by the Company with the Securities and
Exchange
Commission.mailbag ads
F. King + Co.correspondence seeking
We expect to pay holders who validly tender
their notes by the
Consent Date promptly following the satisfaction of
the financing condition and the other conditions
to the tender offer. The Company currently
operates 64 facilities, including 39 company-owned facilities
, with a
total design capacity of approximately 70,000 beds in 19 states and
the District of Columbia
.prisoner inmate
About the Company
CCA is the nation's largest owner and operator of privatized
correctional
and detention facilities and one of the largest prison
operators in the United States, behind only
the federal government and
three states. The Company also provides health care (including medical
,
dental and psychiatric services), food services and work and
recreational programs.25%
U.S
., New
York City time, on March 18, 2005 by reference to the Bloomberg
Governing Pricing Monitor
.prisoners prisoner
These services are intended to reduce recidivism and to
prepare inmates for their successful re
-entry into society upon their
release. Holders who tender after the Consent Date
but by April
4, 2005 (the "Expiration Date") will be eligible to
receive the tender offer consideration, which
equals the total
consideration less the consent payment. The offers are being
made solely by the
Offer to Purchase and Consent Solicitation
Statement.searched correspondence
Requests for
documents should be directed
to D.penpals surrogate
Corrections Corporation of America Receives Final Notice to Proceed from Federal Bureau of Prisons
----Corrections
Corporation of America ("CCA") (NYSE:CXW), the nation's largest
provider of
corrections management services to government, received on
May 25, 2005, a Notice to Proceed from
the Federal Bureau of Prisons
("BOP") to begin performance of services on June 1, 2005, in regard
to
CCA's contract with the BOP to manage inmates at the Company's
2,016-bed Northeast Ohio Correctional
Center. Treasury Note due April 30, 2006, determined at 2:00 p.
Lehman Brothers Inc.ads inmates
Forward
-Looking Statements
This press release contains statements as to the Company's beliefs
and
expectations of the outcome of future events that are
forward-looking statements as defined within
the meaning of the
Private Securities Litigation Reform Act of 1995.
The tender offer and consent
solicitation are being made pursuant to
an Offer to Purchase and Consent Solicitation Statement,
dated March
8, 2005. at (212)
269-5550 (call collect) or (800) 659-5550 (toll free).
cellpals inmates
m.pampered correspondence
S.
About the Company
Corrections Corporation of America is the nation's largest owner
and
operator of privatized correctional and detention facilities and
one of the largest prison operators
in the United States, behind only
the federal government and three states.outlaws mailbag
These include, but are
not limited to, the risks and
uncertainties associated with: (i) fluctuations in the Company's
operating
results because of, among other things, changes in occupancy
levels, competition, increases in cost
of operations, fluctuations in
interest rates and risks of operations; (ii) changes in the
privatization
of the corrections and detention industry, the public
acceptance of the Company's services and the
timing of the opening of
and demand for new prison facilities; (iii) the Company's ability to
obtain
and maintain correctional facility management contracts,
including as the result of sufficient governmental
appropriations and
as the result of inmate disturbances; (iv) increases in costs to
construct
or expand correctional facilities that exceed original
estimates, or the inability to complete such
projects on schedule as a
result of various factors, many of which are beyond the Company's
control
, such as weather, labor conditions and material shortages,
resulting in increased construction costs;
and (v) general economic
and market conditions.Corrections Corporation of America Tenders for Its
Outstanding 9.875% Senior Notes due 2009
These include, but are not limited to, the risks and
uncertainties
associated with: (i) fluctuations in the Company's
operating results because of, among other things
, changes in occupancy
levels, competition, increases in cost of operations, fluctuations in
interest
rates and risks of operations; (ii) changes in the
privatization of the corrections and detention
industry and the public
acceptance of the Company's services; (iii) the Company's ability to
obtain
and maintain correctional facility management contracts,
including as the result of sufficient governmental
appropriations,
inmate disturbances and the timing of the opening of new facilities;
(iv) increases
in costs to construct or expand correctional facilities
that exceed original estimates, or the inability
to complete such
projects on schedule as a result of various factors, many of which are
beyond
the Company's control, such as weather, labor conditions and
material shortages, resulting in increased
construction costs; (v)
changes in government policy and in legislation and regulation of the
corrections
and detention industry that adversely affect the Company's
business; (vi) the availability of debt
and equity financing on terms
that are favorable to the Company; and (vii) general economic and
market
conditions.
searched preference
A Notice to Proceed
serves as the last official procedure in the federal
contract award
process. This financing condition is in addition to
other conditions set forth
in the Offer to Purchase and Consent
Solicitation Statement.prisoners inmate
The Company takes no responsibility
for updating the information
contained in this press release following the date hereof to reflect
events or circumstances occurring after the date hereof or the
occurrence of unanticipated events
or for any changes or modifications
made to this press release or the information contained herein
by any
third-parties, including, but not limited to, any wire or internet
services.875% Senior
Notes due
2009.
We expect to pay holders who validly tender and do not withdraw their
notes
after the Consent Date, but by the Expiration Date, promptly
following the Expiration Date.
The
Company takes no responsibility for updating the information
contained in this press release following
the date hereof or for any
changes or modifications made to this press release or the information
contained herein by any third-parties, including, but not limited to,
any wire or internet services
.
Listings in this category should pertain to prisoner pen-pals, correspondence, and communication
.
searched pampered
The total consideration will be determined by pricing the notes
using standard market practice
to the first call date of the notes at
a fixed spread of 50 basis points over the bid-side yield
on the 2.prisoners pen
The four-year contract, awarded as part of the
Criminal Alien Requirement-Phase 4 solicitation
, also provides for
three (3) two-year renewal options. The terms of the contract provide
for a
50% guaranteed rate of occupancy for 90 days following the
commencement of services, and a 90% guaranteed
rate of occupancy
thereafter. In
addition to providing the fundamental residential services relating
to
inmates, the Company's facilities offer a variety of rehabilitation
and educational programs
, including basic education, religious
services, life skills and employment training and substance
abuse
treatment.
Business Editors
NASHVILLE, Tenn.convict searched
These
forward-looking statements
are subject to risks and uncertainties that
could cause actual results to differ materially from
the statements
made.
preference outlaws
The Company currently operates 64 facilities, including
39 company
-owned facilities, with a total design capacity of
approximately 70,000 beds in 19 states and the
District of Columbia., Inc., Inc.
This press release is not an offer to purchase or the solicitation
of an offer to sell with respect to the notes.correspondence surrogate
Marshals Service at the Northeast Ohio Correctional
Center.----Corrections
Corporation of America (NYSE:CXW) (the "Company") today commenced a
tender
offer for its outstanding $250 million 9. In addition to providing the fundamental
residential services
relating to inmates, the Company's facilities
offer a variety of rehabilitation and educational programs
, including
basic education, religious services, life skills and employment
training and substance
abuse treatment.fee mailbag
F. These
forward-looking statements are subject to risks and uncertainties that
could
cause actual results to differ materially from the statements
made.convict penfriends
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