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UPDATE: Geo Group receives consents for deals that will stagger $2 billion of debt maturities over coming years

·1 min read
UPDATE: Geo Group receives consents for deals that will stagger $2 billion of debt maturities over coming years

The Geo Group Inc. said Wednesday it has received the required consents from its secured and unsecured creditors to close a series of transactions that will extend the maturities of debt that comes due in 2023, 2024 and 2026. The real estate investment trust, that specializes in prisons, said it expects the deals to close on Friday, Aug. 19. They will stagger the maturities of $2.0 billion of the the company's outstanding net debt over the next four years into the future, reducing them to about