secwatch / observer
8-K filed December 20, 2023, 6:59 PM ET ticker GEO CIK 0000923796
debt confidence high sentiment neutral materiality 0.50

GEO GROUP INC (GEO): debt financing — GEO Group closes $265M refinancing of revolving credit facility, extends maturity to 2027

GEO GROUP INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

GEO GROUP INC amended revolving credit of approximately $265 million in refinancing revolving credit commitments with Alter Domus Products Corp., as administrative agent at term SOFR reference rate for the applicable interest period plus between 2.75% a maturing March 23, 2027.

Instrument
revolving credit
Principal
approximately $265 million in refinancing revolving credit commitments
Counterparty
Alter Domus Products Corp., as administrative agent
Rate
term SOFR reference rate for the applicable interest period plus between 2.75% a
Maturity
March 23, 2027
Event
amendment
Exact text from the filing
GEO’s Third Amended and Restated Credit Agreement, dated as of March 23, 2017, as subsequently amended (the “Prior Credit Agreement”). The Amendment provides for approximately $265 million in refinancing revolving credit commitments maturing on March 23, 2027, constituting all of GEO’s revolving credit commitments from and after the date of the Amendment. Prior to
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.995

GEO GROUP INC amended Refinancing Revolving Credit Commitments Amendment with Alter Domus Products Corp., as administrative agent valued at $265 million in refinancing revolving credit commitments maturing on March 23, 2027 (effective 2023-12-14).

Action
amendment
Agreement
credit facility
Counterparty
Alter Domus Products Corp., as administrative agent
Value
$265 million in refinancing revolving credit commitments maturing on March 23, 2027
Effective
2023-12-14
Exact text from the filing
On December 14, 2023, The GEO Group, Inc. (“GEO” or the “Company”) entered into and closed on that certain Refinancing Revolving Credit Commitments Amendment (the “Amendment”) by and among each of GEO and GEO Corrections Holdings, Inc., as the Borrowers, the other loan parties named therein, the lender parties thereto and Alter Domus Products Corp., as administrative agent, to its Credit Agreement dated as of August 19, 2022 (the “Credit Agreement”).
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Source: SEC EDGAR
accession 0001193125-23-299987
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