The GEO Group Enters Into Private Exchange Agreements With Certain 6.50% Convertible Senior Noteholders
Geo Group Inc (The) REIT (GEO)
Last geo group inc (the) reit earnings: 4/30 06:55 am
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Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced that it has entered into private exchange agreements with certain holders (the "Noteholders") of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the "6.50% Exchangeable Senior Notes").The Noteholders have agreed to exchange $177 million in aggregate principal amount of the outstanding 6.50% Exchangeable Senior Notes for a current estimated valuation of $305 million. The consideration will consist of cash and shares of GEO's common stock issued at closing. The final exchange value and number of shares of common stock to be issued by GEO to the Noteholders will be determined based upon a volume-weighted average price per share of common stock during an averaging period commencing today and lasting 20 trading days.GEO expects to fund the cash portion for the exchanges, which totals $177 million, with the net proceeds from its previously announced offering of sen
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GEO
Earnings
- 2/15/24 - Beat
GEO
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/18/24 - Form DEFA14A
- GEO's page on the SEC website