GEO Group Prices Offering Of $300 Mln Of Senior Unsecured Notes Due 2023

By RTT News,  March 13, 2013, 08:12:00 AM EDT


(RTTNews.com) - GEO Group ( GEO ) announced the pricing of its offering of $300 million aggregate principal amount of senior unsecured notes due 2023. The Notes will be issued with a coupon and yield to maturity of 5.125%. The sale of the Notes, which is subject to customary closing conditions, is expected to be completed on March 19, 2013.

GEO noted that it intends to use the net proceeds along with anticipated borrowings under an amended and restated senior credit facility GEO is in the process of negotiating to refinance GEO's existing senior credit facility and pay related fees, costs, and expenses.

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This article appears in: News Headlines

Referenced Stocks: GEO



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