GEO Group rises after refinancing $650 million debt

GEO group

06/10/2026 14:22

** Shares of prison operator GEO Group GEO.N rise 2.6% to $33.19 premarket
** Co refinances debt, redeeming $650 mln of its senior secured notes due 2029
** Extends maturity of its $550 mln revolving credit facility to July 2031
** Earlier this week, co agreed to sell its Adelanto, California, ICE processing center complex for $950 mln
** Co recently increased its share repurchase authorization to $1.25 bln
** Up to last close, co's shares had more than doubled this year

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))