GEO amends credit agreement to relax restricted payment covenant, enabling $75M payments

GEO GROUP INC

Removes 3.00x total leverage ratio test from half of the $150M restricted payments carve-out.
New clause (h) allows $75M in restricted payments without leverage test, subject only to no default and compliance with Section 6.09.
Remaining $75M still requires pro forma Total Leverage Ratio ≤ 3.00x.
Amendment dated November 13, 2025; effective upon lender consent and conditions satisfaction.
GEO and its subsidiaries reaffirm all existing loan document obligations and liens.

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