NYSE:GEOCommercial Services
GEO Group (GEO) Valuation Check As Expanded Credit Facility Signals Stronger Lender Confidence
Why GEO Group’s expanded credit line matters for shareholders
GEO Group (GEO) just amended its credit agreement, lifting revolving credit facility commitments from US$450 million to US$550 million. This move signals increased lender support and greater financial flexibility.
See our latest analysis for GEO Group.
That expanded credit line comes as GEO’s share price has been firming up, with a 1 month share price return of 14.56% and a year to date share price return of 16.57%. However, the 1...