The GEO Group Completes Redemption of All Senior Secured Notes Due 2029
Business Wire•19/10/2026•06:55 ET
0
Key Highlights
- ➤$650 million of 8.625% senior secured notes due 2029 fully redeemed
- ➤Redemption price totaled approximately $678 million plus accrued unpaid interest
- ➤Revolving Credit Facility maturity extended to July 14, 2031
- ➤GEO gross debt fell to $625 million, excluding approximately $36 million mortgage debt
- ➤Share repurchase authorization increased to $1.25 billion through December 31, 2029
The GEO Group Completes Redemption of All Senior Secured Notes Due 2029
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that it completed the redemption of all of the $650,000,000 in outstanding aggregate principal amount of its 8.625% Senior Secured Notes due 2029 (CUSIP Nos. 36162JAG1 and U32352AF0) (the “2029 Senior Secured Notes”) on October 15, 2026 (the “Redemption Date”).
Get started
Create a free account to read the full story.