-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GMrJKVLCkPbnDUt2qI6lna9DrGD5mfgvrS4Cmm3Lryjyd/XEPlhznQiDW778PifW 7JJA0qZU0U7fBiRMziLUeA== 0000950144-09-004443.txt : 20090522 0000950144-09-004443.hdr.sgml : 20090522 20090519180859 ACCESSION NUMBER: 0000950144-09-004443 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090520 DATE AS OF CHANGE: 20090519 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORRECTIONS CORP OF AMERICA CENTRAL INDEX KEY: 0001070985 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-FACILITIES SUPPORT MANAGEMENT SERVICES [8744] IRS NUMBER: 621763875 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-159329 FILM NUMBER: 09840601 BUSINESS ADDRESS: STREET 1: 10 BURTON HILLS BLVD STREET 2: N/A CITY: NASHVILLE STATE: TN ZIP: 37215 BUSINESS PHONE: 6152633000 MAIL ADDRESS: STREET 1: 10 BURTON HILLS BOULEVARD STREET 2: N/A CITY: NASHVILLE STATE: TN ZIP: 37215 FORMER COMPANY: FORMER CONFORMED NAME: PRISON REALTY TRUST INC DATE OF NAME CHANGE: 19990517 FORMER COMPANY: FORMER CONFORMED NAME: PRISON REALTY CORP DATE OF NAME CHANGE: 19980924 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORRECTIONS CORP OF AMERICA CENTRAL INDEX KEY: 0001070985 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-FACILITIES SUPPORT MANAGEMENT SERVICES [8744] IRS NUMBER: 621763875 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 10 BURTON HILLS BLVD STREET 2: N/A CITY: NASHVILLE STATE: TN ZIP: 37215 BUSINESS PHONE: 6152633000 MAIL ADDRESS: STREET 1: 10 BURTON HILLS BOULEVARD STREET 2: N/A CITY: NASHVILLE STATE: TN ZIP: 37215 FORMER COMPANY: FORMER CONFORMED NAME: PRISON REALTY TRUST INC DATE OF NAME CHANGE: 19990517 FORMER COMPANY: FORMER CONFORMED NAME: PRISON REALTY CORP DATE OF NAME CHANGE: 19980924 FWP 1 g19154fwfwp.htm FWP FWP
Issuer Free Writing Prospectus filed pursuant to Rule 433
supplementing the Preliminary Prospectus Supplement dated
May 19, 2009 and the Prospectus dated May 19, 2009
Registration No. 333-159329
May 19, 2009
(CCA LOGO)
Corrections Corporation of America
$465,000,000
73/4% Senior Notes due 2017
     
Issuer:
  Corrections Corporation of America
 
   
Guarantors:
  CCA Health Services LLC
CCA International, Inc.
CCA of Tennessee, LLC
CCA Properties of America, LLC
CCA Properties of Arizona, LLC
CCA Properties of Tennessee, LLC
CCA Western Properties, Inc.
Prison Realty Management, Inc.
Technical and Business Institute of America, Inc.
Transcor America, LLC
 
   
Aggregate Principal Amount:
  $465,000,000
 
   
Title of Securities:
  73/4% Senior Notes due 2017
 
   
Final Maturity Date:
  June 1, 2017
 
   
Public Offering Price:
  97.116%, plus accrued and unpaid interest, if any, from June 3, 2009
 
   
Coupon:
  7.750%
 
   
Yield Per Annum:
  8.250%
 
   
Interest Payment Dates:
  June 1 and December 1
 
   
Record Dates:
  May 15 and November 15
 
   
First Interest Payment Date:
  December 1, 2009

 


 

     
Optional Redemption:
  The notes will be redeemable by the Company, in whole or in part, on or after June 1, 2013 at the prices set forth below (expressed as percentages of the principal amount), plus accrued and unpaid interest:
             
    Date   Price
 
           
 
  June 1, 2013     103.875 %
 
           
 
  June 1, 2014     101.938 %
 
           
 
  June 1, 2015 and thereafter     100.000 %
     
Optional Redemption with
Equity Proceeds:
  In addition, up to 35% of the notes will be redeemable by the Company before June 1, 2012 at a price equal to 107.750% of their principal amount.
 
   
Change of Control:
  101%
 
   
Gross Proceeds:
  $451,589,400
 
   
Underwriting Discount:
  $9,300,000
 
   
Net Proceeds to Issuer before Expenses:
  $442,289,400
 
   
Net Proceeds to Issuer after Expenses:
  $441,089,400
 
   
Use of Proceeds:
  We intend to use the net proceeds from this offering along with cash on hand to purchase, redeem or otherwise acquire all of our $450.0 million aggregate principal amount outstanding 71/2% Senior Notes due 2011 and to pay accrued interest and associated fees and expenses.
 
   
Original Issue Discount:
  The issue price of the notes is less than the principal amount thereof by more than a de minimis amount, and therefore the notes will be issued with original issue discount, or OID, for U.S. federal income tax purposes generally in an amount equal to that difference. See “Certain U.S. federal income tax considerations” in the Preliminary Prospectus Supplement.
 
   
Joint Book-Running Managers:
  J.P. Morgan Securities Inc.
Banc of America Securities LLC
Wachovia Capital Markets, LLC
 
   
Joint Lead Managers:
  HSBC Securities (USA) Inc.
SunTrust Robinson Humphrey, Inc.

-2-


 

     
Co-Managers:
  Avondale Partners, LLC
BB&T Capital Markets, a division of Scott & Stringfellow, LLC
First Analysis Securities Corporation
Macquarie Capital (USA) Inc.
RBC Capital Markets Corporation
U.S. Bancorp Investments, Inc.
             
Allocation:   Name   Principal Amount of
        Notes to be Purchased
 
 
  J.P. Morgan Securities Inc.   $ 105,788,000  
 
  Banc of America Securities LLC     105,788,000  
 
  Wachovia Capital Markets, LLC     105,788,000  
 
  HSBC Securities (USA) Inc.     38,943,000  
 
  SunTrust Robinson Humphrey, Inc.     38,943,000  
 
  BB&T Capital Markets,
     a division of Scott & Stringfellow, LLC
    16,275,000  
 
  U.S. Bancorp Investments, Inc.     16,275,000  
 
  Avondale Partners, LLC     9,300,000  
 
  First Analysis Securities Corporation     9,300,000  
`
  Macquarie Capital (USA) Inc.     9,300,000  
 
  RBC Capital Markets Corporation     9,300,000  
 
           
 
  Total   $ 465,000,000  
 
           
     
CUSIP:
  22025Y AK6
 
   
ISIN:
  US22025YAK64
 
   
Listing:
  None
 
   
Trade Date:
  May 19, 2009
 
   
Settlement Date:
  June 3, 2009 (T+10)
 
   
Form of Offering
  SEC Registered (Registration No. 333-159329)

-3-


 

In addition to pricing information set forth above, the “Capitalization” section of Preliminary Prospectus Supplement will be updated to reflect the following changes:
  As adjusted Cash and cash equivalents is changed to be $19.5 million.1
 
  As adjusted 71/2% Senior Notes due 2011 is changed to be “—”.
 
  As adjusted 73/4% Senior Notes due 2017 offered hereby is changed to be 451.6 million.2
 
  As adjusted Total long-term debt is changed to be $1,266.1 million.
 
  As adjusted Total stockholders’ equity is changed to be $1,303.2 million.3
 
  As adjusted Total capitalization is changed to be $2,569.3 million.
Corrections Corporation of America has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that Corrections Corporation of America has filed with the SEC for more complete information about Corrections Corporation of America and this offering. You may get these documents for free by visiting the SEC Web site at www.sec.gov. Alternatively, Corrections Corporation of America, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting J.P. Morgan Securities Inc., 270 Park Avenue, Floor 5, New York New York 10017, or by calling (212) 270-1477.
 
1   Adjusted to reflect use of cash on had to pay accrued interest and estimated fees and expenses associated with the offering and the repurchase or redemption of all of the 2011 Notes.
 
2   $465.0 million face amount.
 
3   As adjusted, represents the write-off of unamortized deferred financing costs net of premium, as well as fees and expenses associated with the completion of a tender offer for all of the 2011 Notes.

-4-

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