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Barclays Kicked Out of Business Group Over Prison-Bond Work


Barclays Kicked Out of Business Group Over Prison-Bond Work
Bloomberg
1 hr ago
© Photographer: David Paul Morris/Bloomberg
An inmate in his cell
(Bloomberg) Barclays Plc’s membership in the American Sustainable Business Council was terminated by the advocacy group over the bank’s decision to underwrite a municipal bond for two Alabama prisons owned by CoreCivic Inc., two years after saying it would no longer provide new financing to private prison companies.
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The council and partner organization Social Venture Circle, which combined represent 250,000 businesses to advocate for responsible practices and policies, announced Thursday they would refund Barclays’ membership dues. Barclays joined the group in 2019. ....

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CoreCivic Reports Fourth Quarter and Full Year 2020 Financial Results


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CoreCivic Reports Fourth Quarter and Full Year 2020 Financial Results
CoreCivic, Inc.February 10, 2021 GMT
BRENTWOOD, Tenn., Feb. 10, 2021 (GLOBE NEWSWIRE) CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the fourth quarter and full year 2020.
Financial Highlights – Full Year 2020
Total revenue of $1.91 billion
CoreCivic Safety revenue of $1.71 billion
CoreCivic Community revenue of $106.0 million
CoreCivic Properties revenue of $93.1 million
Net income attributable to common stockholders of $54.2 million
Diluted EPS per share of $0.45
Adjusted diluted EPS of $1.32
Normalized FFO per diluted share of $2.25
Adjusted EBITDA of $404.8 million ....

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Alabama Inks Leases For Two New Prisons, Including One Near Atmore : NorthEscambia.com


February 2, 2021
Alabama Gov. Kay Ivey on Monday signed 30-year leases for new prisons to be constructed near Atmore and in Elmore County.
The two new men’s correctional facilities wilk be constructed by CoreCivic’s Developer Team. The state signed a lease agreement with Government Real Estate Solutions of South Alabama, LLC, a CoreCivic entity, for the Escambia County facility on Bell Fork near Atmore.
The agreements are not subject to annual renegotiation; however, options to negotiate occupancy extensions beyond the 30-year lease term are available to the state.
The Alabama Department of Corrections will staff and maintain full operational control of the facilities these are not private prisons. CoreCivic will construct, own, and maintain the facilities ....

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