secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0001193125-25-285288
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312525285288/0001193125-25-285288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312525285288/d17936d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-285288

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