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GEO Group redeems $650M senior secured notes and secures flexibility for $1.25B buyback
Seeking Alpha ·
Seeking Alpha reports: The GEO Group has issued a notice of redemption for all $650M in outstanding aggregate principal amount of its 8.625% senior secured notes due 2029. The redemption is scheduled for October 15, 2026. GEO will redeem the notes at a price of $1,043.13 per $1,000 original principal amount, totaling approximately $678M, plus accrued and unpaid interest. The company plans to fund the total redemption price by October 14, 2026, using net proceeds from its recently completed…