Mon, Jul 28, 2014, 9:52 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Corrections Corporation of America Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • avi29 avi29 Oct 26, 1999 8:28 AM Flag

    Some Thoughts

    Thanks for your response. I am unsure what you are referring to when you mention the possibility of a "strategic investor?" Could you please elaborate?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The Amended Credit Facility restricts pzn/s
      ability to make the 1999 cash payment of the special
      dividend unless a. The Company has liquidity of at least
      $75 million b. the Company receives at least $100
      million in cash proceeds for the issuance of equity or
      similar secuities from a new investor receiving
      representation on the Company's Board of Directors c. New CCA
      receives at least $25 million in cash proceeds from the
      issuance of any combination of equity securities and
      subordinated debt. The Company may, however, pay up to $31
      million in cash if only a. and c. above are achieved.

33.01+0.03(+0.09%)Jul 28 4:03 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.