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GEO Group extends maturity date of $900M revolver

GEO Group Inc. amended its $900 million senior revolving credit facility to extend the maturity date to May 17, 2024.

The borrowing capacity will remain unchanged, along with the interest rate, which is at London interbank offered rate plus 2.25%.

The prison real estate investment trust has about $346 million in available borrowing capacity under the facility.