The GEO Group Delivers Notice of Redemption for Remaining Senior Notes Due 2024
February 12 2024 - 5:00AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”)
has delivered a notice of redemption for all of the remaining
$23,253,000 in outstanding aggregate principal amount of its 5.875%
Senior Notes due October 15, 2024 (CUSIP No. 36162JAA4) (the “2024
Senior Notes”). The redemption of the 2024 Senior Notes will occur
on March 11, 2024 (the “Redemption Date”).
The redemption price for the 2024 Senior Notes will be equal to
$1,000 per $1,000 original principal amount, plus any accrued and
unpaid interest up to, but excluding, the Redemption Date. GEO has
deposited with the trustee for the 2024 Senior Notes the redemption
price for the 2024 Senior Notes, using available cash on hand, and
the Indenture governing the 2024 Senior Notes has been satisfied
and discharged as to the 2024 Senior Notes. Payment of the
redemption price for the 2024 Senior Notes will be made through the
Depository Trust Company.
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is a leading diversified
government service provider, specializing in design, financing,
development, and support services for secure facilities, processing
centers, and community reentry centers in the United States,
Australia, South Africa, and the United Kingdom. GEO’s diversified
services include enhanced in-custody rehabilitation and
post-release support through the award-winning GEO Continuum of
Care®, secure transportation, electronic monitoring,
community-based programs, and correctional health and mental health
care. GEO’s worldwide operations include the ownership and/or
delivery of support services for 100 facilities totaling
approximately 81,000 beds, including idle facilities and projects
under development, with a workforce of up to approximately 18,000
employees.
Use of forward-looking statements
This news release may contain “forward-looking statements”
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
following cautionary statements. All forward-looking statements
speak only as of the date of this news release and are based on
current expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements, including our
ability to redeem the 2024 Senior Notes on March 11, 2024. Readers
are strongly encouraged to read the full cautionary statements
contained in GEO’s filings with the U.S. Securities and Exchange
Commission. GEO disclaims any obligation to update or revise any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240209477688/en/
Pablo E. Paez, 1-866-301-4436 Executive Vice President,
Corporate Relations
Geo (NYSE:GEO)
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