The GEO Group proposes a $1.2B senior notes offering for debt refinance, including a $400M Term Loan B.
The GEO Group announces a proposed $1.2B senior notes offering, comprised of $700M senior secured notes due 2029 and $500M senior unsecured notes due 2031. The gross proceeds will be used to refinance approximately $1.5B of existing debt, including borrowings under a new $400M Term Loan B. The notes will be guaranteed by GEO's domestic subsidiaries under a new senior secured credit facility.
April 03, 2024
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