GEO Group Inc.said April 12 that it priced $350.0 million aggregate principal amount of seniorunsecured notes due April 2026.
The offering was upsizedfrom $300 million. The notes will be issued with a coupon and yield to maturityof 6.00%.
Proceeds from the offering will be used to fund a concurrenttender offer and the repurchase, redemption or other discharge of all of its existing6.625% senior notes that are not tendered pursuant to the tender offer; to pay relatedfees, costs and expenses; and to fund general corporate purposes, including repayingborrowings under the company's revolving credit facility.
GEO Group expects the offering to close April 18.
Wells Fargo Securities LLC will act as one of the jointbook runners for the offering.