The GEO Group Announced That It Has Extended Its Offers To Exchange Up To $650.0M Of 8.625% Senior Secured Notes Due 2029 And Up To $625.0M Of 10.250% Senior Notes Due 2031 Issued In A Private Placement
Portfolio Pulse from Benzinga Newsdesk
The GEO Group has extended its offers to exchange up to $650 million of 8.625% Senior Secured Notes due 2029 and up to $625 million of 10.250% Senior Notes due 2031, which were issued in a private placement.
July 17, 2024 | 10:07 am
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The GEO Group has extended its offers to exchange a significant amount of senior secured notes and senior notes, which could impact its credit profile and liquidity.
Extending the offers to exchange senior secured notes and senior notes could affect GEO's credit profile and liquidity. However, the immediate impact on stock price is uncertain as it depends on market perception of the company's financial strategy.
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