- The GEO Group (NYSE:GEO) on Thursday said it has priced a private offering of $1.275B aggregate principal amount of senior notes, comprised of $650M aggregate principal amount of 8.625% senior secured notes due 2029 and $625M aggregate principal amount of 10.25% senior unsecured notes due 2031.
- The offering of the notes is expected to close on April 18.
- GEO also announced that it has priced a new $450 million Term Loan B, bearing interest at SOFR plus 5.25%, under a new senior secured credit facility, which is expected to close on April 18.
- The offering of the notes and the new term loan are expected to result in net proceeds of about $1.67 billion.
- Source: Press Release
