The GEO Group Delivers Notice of Redemption for All Senior Secured Notes Due 2029 and Amends and Extends Revolving Credit Facility
Business Wire•06/10/2026•06:55 ET
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Key Highlights
- ➤GEO will redeem all $650 million 8.625% Senior Secured Notes on October 15, 2026
- ➤Redemption price totals approximately $678 million, funded with net asset-sale proceeds
- ➤$550 million revolving credit facility maturity extended to July 14, 2031
- ➤Share repurchase authorization increased $750 million, from $500 million to $1.25 billion
Expert Statements
Pablo E. Paez, Executive Vice President, Corporate Relations of The GEO Group
“GEO disclaims any obligation to update or revise any forward-looking statements, except as required by law.”
The GEO Group Delivers Notice of Redemption for All Senior Secured Notes Due 2029 and Amends and Extends Revolving Credit Facility
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) has delivered a notice of redemption for 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”). The redemption of the 2029 Senior Secured Notes will occur on October 15, 2026 (the “Redemption Date”).
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