Brief: The Geo Group To Acquire Detention Facility In San Diego For $60 Million

Geo

01/07/2025 11:58

July 1 (Reuters) - Geo Group Inc GEO.N:

THE GEO GROUP ANNOUNCES IT HAS ENTERED INTO A PURCHASE AGREEMENT TO ACQUIRE THE 770-BED WESTERN REGION DETENTION FACILITY IN SAN DIEGO, CALIFORNIA FOR $60 MILLION

GEO GROUP INC - PURCHASE EXPECTED TO BE ACCRETIVE TO ANNUALIZED ADJUSTED EBITDA

GEO GROUP INC - TO USE PROCEEDS TO PAY OFF $300 MILLION IN FLOATING RATE DEBT

Source text: ID:nBw9gHcCya

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