The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that on Friday, August 19, 2022, the Company successfully closed the previously announced transactions (the “Transactions”) to comprehensively address the substantial majority of GEO’s outstanding debt. As previously disclosed, GEO’s new outstanding debt maturities are approximately $125 million in 2023; approximately $165 million in 2024; approximately $341 million in 2026; approximately $1.1 billion in 2027; and approximately $526 million in 2028. Following the Transactions, GEO has approximately $200 million in domestic unrestricted cash and cash equivalents and total liquidity of approximately $375 million.
The GEO Group Closes Previously Announced Transactions to Address Its Debt Maturities and Strengthen Its Capital Structure
Aug 22, 2022
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