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The GEO Group, Inc. Redeems $650M 2029 Notes; Extends $550M Revolver
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GEO will redeem all $650M 8.625% Senior Secured Notes due 2029 on Oct 15, 2026 at $1,043.13 per $1,000, funded by asset sale proceeds, and extended its $550M revolving credit facility to Jul 14, 2031, increasing capacity for restricted payments. Material Details #DetailAI Analyst View1Redeem $650M 8.625% notes on Oct 15, 2026Cuts high-coupon debt, lowering interest expense post-redemption.2Redemption price ~$678M ($1,043.13/1,000)One-time premium cash out; signals…