NYSE:GEOCommercial Services
How GEO Group’s (GEO) Expanded Credit Facility Has Changed Its Investment Story
Earlier this month, GEO Group closed an amendment to its Credit Agreement, increasing its revolving credit facility from US$310 million to US$450 million, extending its maturity to July 14, 2030, and reducing the interest rate on outstanding loans.
This development, along with debt repayments and planned asset sales, suggests GEO may further improve its financial flexibility and consider options for capital returns.
Next, we'll explore how the expanded credit facility and balance sheet...