Brief: The Geo Group To Acquire Detention Facility In San Diego For $60 Million
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 Further company coverage: GEO.N (((( Reuters.briefs@thomsonreuters.com ;));))
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