GEO upsizes revolver to $450M, extends maturity to 2030, repays $132M Term Loan B

GEO GROUP INC

Revolver commitments increased from $310M to $450M; maturity extended to July 14, 2030.
Interest rate on SOFR-based loans reduced by 0.50% to SOFR + 2.75% per annum.
Repaid $132M of Term Loan B prior to amendment; expects to pay remaining balance from Lawton facility sale (closing July 25).
Net debt expected to fall to ~$1.47B; company may consider future capital returns.
Vesting of Executive Chairman Zoley's special restricted stock award accelerated to July 17, 2025.

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