GEO Group Files 8-K Report
Ticker: GEO · Form: 8-K · Filed: Apr 5, 2024 · CIK: 923796
Sentiment: neutral
Topics: 8-K, corporate-filing
TL;DR
GEO Group filed an 8-K on April 4th, check it for operational and financial updates.
AI Summary
On April 4, 2024, The GEO Group, Inc. filed an 8-K report detailing other events and financial statements. The filing includes information related to the company's principal executive offices located at 4955 Technology Way, Boca Raton, Florida.
Why It Matters
This filing provides an update on the company's operational and financial status, which is crucial for investors to assess its current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine filing of an 8-K report, which typically contains standard corporate information and does not indicate any immediate or significant risks.
Key Players & Entities
- GEO GROUP INC (company) — Registrant
- 4955 Technology Way, Boca Raton, Florida 33431 (location) — Principal Executive Offices
- April 4, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for The GEO Group, Inc.?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' as of April 4, 2024.
Where are The GEO Group, Inc.'s principal executive offices located?
The GEO Group, Inc.'s principal executive offices are located at 4955 Technology Way, Boca Raton, Florida 33431.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is dated April 4, 2024.
What is the company's state of incorporation?
The company's state of incorporation is Florida.
What is the SEC file number for The GEO Group, Inc.?
The SEC file number for The GEO Group, Inc. is 001-14260.
Filing Stats: 1,144 words · 5 min read · ~4 pages · Grade level 10.4 · Accepted 2024-04-05 07:38:22
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value GEO New York Stock Exchan
- $1.275 billion — reviously announced private offering of $1.275 billion aggregate principal amount of senior no
- $650.0 million — al amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% se
- $625.0 million — otes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% se
- $450.0 million — nnounced today that it has priced a new $450.0 million Term Loan B (the "Term Loan"), bearing
- $1.67 b — result in net proceeds of approximately $1.67 billion, after deducting the initial purc
- $1.5 billion — will be used to refinance approximately $1.5 billion of existing indebtedness, including to
- $180.0 m — ement, which is expected to total up to $180.0 million, with a portion of the net procee
Filing Documents
- d769944d8k.htm (8-K) — 31KB
- d769944dex991.htm (EX-99.1) — 10KB
- g769944g32e32.jpg (GRAPHIC) — 7KB
- g769944g47x38.jpg (GRAPHIC) — 8KB
- g769944g61g63.jpg (GRAPHIC) — 3KB
- g769944g80x89.jpg (GRAPHIC) — 6KB
- 0001193125-24-087929.txt ( ) — 196KB
- geo-20240404.xsd (EX-101.SCH) — 3KB
- geo-20240404_lab.xml (EX-101.LAB) — 17KB
- geo-20240404_pre.xml (EX-101.PRE) — 11KB
- d769944d8k_htm.xml (XML) — 3KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements regarding GEO's intention to issue the Notes, borrow the Term Loan and its intended use of the net proceeds. These forward-looking statements may be affected by risks and uncertainties in GEO's business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in GEO's filings with the Securities and Exchange Commission (the "Commission"), including GEO's report on Form 10-K for the year ended December 31, 2023, and GEO's reports on Form 10-Q and Form 8-K filed with the Commission. GEO wishes to caution readers that certain important factors may have affected and could in the future affect GEO's actual results and could cause GEO's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of GEO, including the risks that the Senior Notes Offering and/or the closing of the new Term Loan cannot be successfully completed, that the refinance, repurchase, redemption or other discharge of its Tranche 1 Term Loan and Tranche 2 Term Loan under its existing senior credit facility, the 9.50% senior second lien secured notes, the 10.50% senior second lien secured notes, and the 6.00% senior notes due 2026 cannot be successfully completed, and that the retirement or settlement of a portion of the 6.50% exchangeable senior notes due 2026 issued by GEO Corrections Holdings, Inc. cannot be successfully completed. GEO undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof, except as required by law. Section9
Financial Statements and Exhibits
Financial Statements and Exhibits Item9.01.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated April 4, 2024, Announcing Pricing of Senior Notes Offering and Term Loan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE GEO GROUP, INC. April 5, 2024 By: /s/ Shayn P. March Date Shayn P. March Acting Chief Financial Officer, Executive Vice President, Finance and Treasurer (Principal Financial Officer) 3