A Japanese financial services holding company. It has provided financing to private prison and immigrant detention company CoreCivic through two of its subsidiaries, Nomura Corporate Funding Americas and Nomura Securities International.
Nomura Holdings, Inc. is a financial services holding company headquartered in Tokyo, Japan, and a principal member of the Nomura Group, Japan's largest investment bank and brokerage group. Operating within the retail, investment management, and investment banking industries in over 30 countries, Nomura generated $11.2 billion in revenue in 2022. As of 2023, it is one of the top 100 largest banks in the world based on total assets.
Past Financing of Private Prison Companies
In December 2019, CoreCivic entered into a $250 million term loan agreement with Nomura Holdings subsidiaries Nomura Corporate Funding Americas, LLC (serving as administrative agent) and Nomura Securities International, Inc. (serving as lead arranger and bookrunner). The deal was arranged in the wake of major U.S. banks announcing in 2019 that they would no longer finance operators of private prisons and immigrant detention centers. Originally set to mature in December 2024, the loan was paid off in full in May 2022.